Carl
Level 15

Investors & landlords

You are required to depreciate rental property, every year that property is "in service" as a rental asset. Work through the asset again in the Asset/Depreciation section. One of the screens will show a box for "prior depreciation". If the property was classified as a rental in 2018 and 2019, then there will be an amount in that box greater than zero. If this is not the case, then let us know. You may have a major tax issue.