Hello
I know this issue has been tossed around endlessly. But here it goes again.
I sold a rental property in 2021 that was never a personal residence. Under the "rentals and royalties" section my property has been listed for many years as a "Your Property Asset". Also listed as "Your Property Assets" is a roof that was done several years ago and is depreciating over 27.5 years.
I'm at a total loss for how to accurately reflect the sale of the rental property AND the roof. What exactly to I need to do to make this work? I've seen several posts on this topic but I can't for the life of me make it work on my end. I've tried 2 calls to TT but haven't received accurate/confident helpers.
thank you in advance.
