Yeah I'm doing the 2020 taxes and that's the difficulty. I went back to the tax form in 2013 and on. We never made a profit, but it appears schedule E always adjusted our expenses such that they were never more than the rent we received until we got to 2017. In addition, even though there was a form attached to the 2013 taxes that shows the expected depreciation, it appears it changed on schedule E during the years and I don't know if that was based on the percentage it was rented, ie. some years it was 35 days rented and 30 days used by us and using those 2 factors, the business percentage would be 54%, and other years it was 56 rented and 18 us so 76%. I'm also trying to figure out if I should not have included the value of the land upfront or now. As it is a beach property, the land was worth more than the dwelling on all of the property tax records. Wondering also if QBI which was new one year and Safe Harbor come into play at all here. I'm probably making it more complicated than it needs to be.
