- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
The last renter moved out in 2017.
There was no income from the property in 2018 or 2019, hence we did not report it or complete a schedule E (as we had done all previous years). Nor did we report/expense the cost of demolition incurred in 2018.
Per previous response, I am curious whether we have to "recapture" the depreciation and how/where we can deduct the demolition expense ($15K).
Thanks for your time.
‎November 13, 2020
12:16 PM