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Investors & landlords
Easy fix ... if you did NOT rent the property at all in 2020 then you will either:
Enter in ONE day of rental use so the Sch E will be preserved and then sell off the property in the asset section. This allows you to continue getting a depreciation deduction until the sale date.
OR ... let the program remove the Sch E and enter the sale in the business asset sales section which means you must have all the asset depreciation in hand and make all the entries yourself.
‎June 12, 2021
11:07 AM