No one at TT support could fix the problem. I was left to recreate (add) the property as if it was newly required but with old dates which it did take and I recreated the depreciation taken successfully and completed my taxes successfully. I don't know why TT 2020 had this glitch.
I can only venture a guess, based on no facts at all. My first guess would be there was a glitch in the downloaded .tax2019 file. A possible cause of the glitch could have been an online program update that occured after the tax return was filed and accepted by the IRS. My next guess would be that the property and all it's assets were marked as removed for personal use, and/or converted to personal use in 2019. That could probably be the "glitch" too.
Realistically I sold it in 2020 so 2022 (tax year 2021) I should not have this property to report but that would mean TT knew I sold the property before I reported it and that makes me feel spooky.
I've seen that scenario work both ways. You report the property as sold in 2020, and if all is done correctly it's not imported into 2021. However, I've seen several scenarios where it will be imported anyway. In the first two scenarios it was because of user error.
- The user fails to report "all" assets as sold or otherwise disposed of. So as far as the program is concerned, that asset is still "in service". Therefore, all of the property information gets imported to the next year.
- The user did report all assets as sold, but failed to select the checkbox about 2 screens in on the property profile, to indicate they sold the property.
-Again, 2 screens into the property profile they selected "both" that they sold the property, and that they converted the property to personal use. This shouldn't cause an issue really, because one could have converted it to personal use at the beginning of the year, and then sold it towards the end of the year. But maybe that is a program issue? I just don't know.
Basically, if you've checked and everything appears correct and you didn't unknowingly commit one of the user errors above, when the property that was sold in 2020 gets imported into the 2021 tax return, you can just delete it from the 2021 tax return.
