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Investors & landlords
Glad to hear you're using the CD version of TTX, as I use the CD version myself. Makes it easier for both of us.
The last year I claimed was 2018.
My apologies, as I don't think I was being clear. I take it personally that I make absolutely certain I give you the correct information. Additionally, when I think you have choices, I also like to ensure you have all the information necessary so that you can decide what is the best choice for your specific situation. So lets see if my assumptions are correct.
- Did you convert the property from residential rental real estate to personal use on your 2018 return or 2019 return? I would assume you did so on your 2018 tax return. But probably not since you had no way of knowing in 2019 (when you filed the 2018 tax return) that you would not be renting it for the entire 2019 tax year.
This is a big deal for tax purposes, especially in the tax year you sell or otherwise dispose of your ownership in the property.
If you did convert it, then knowing which tax year that occurred will enable us to confirm that you did the conversion completely and correctly. Most people don't read the small print on the screen with "I converted this property from rental to personal use in <tax year>", and therefore don't complete the conversion process on the tax return. This throws the depreciation off; sometimes quite significantly.
Additionally, do you still have the TTX 2018 and 2019 programs installed? Do you also have the .tax2018 and .tax2019 files on that computer?
Do you have a saved PDF of the 2018 and 19 tax years, where you saved "everything"? (Not just the "forms required for filing" and not just the "forms to keep for your records")
It's highly possible we may need to reference those files in order to confirm things were done correctly and completely, if you can't be "absolutely certain" on that front.