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Do I need to declare depreciation in 2020 for my rental house or will it happen automatically based on my form 4562 in tax year 2019.
I see Schedule E (of course) and Form 4562 (Depreciation and Amortization) on my 2019 taxes (completed in 2020) but unsure whether I have to take depreciation again for 2020. If so, it's unclear to me how to do this.
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March 14, 2021
6:21 PM