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Investors & landlords
Make sure the Rental Property is shown as an Asset in the Rental Assets section.
If it didn't transfer properly from 2019, you will need to re-enter it.
Make sure the Property Info section is correct also.
You can use the info from your 2019 Form 4562 for Cost Basis and Date Placed in Service you used when you started renting.
This may happen if you used a PDF file to transfer your 2019 info instead of the xx.tax file.
Click this link for more info on Rental Property Assets.
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March 19, 2021
5:59 PM
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