mgranp
Returning Member

I moved from one investment to property another in Aug 2020 .

Hi,

I was staying in property A from Jan to Jul 2020 and had rented out property B for this time. On 1st Aug 2020, I moved from property A to property B and rented out property A.

 

I understand property A is my primary residence for this time. But I am confused on how to handle the P&L and depreciation for both these properties for year 2020.

 

Any pointers would be appreciated.