@ranjisrini
Yes, if the property was not rented at all in 2021, you would not report any rental activity (including income, expenses, and depreciation) for that property. In TurboTax, be sure to check the boxes for "...not rented all year" and "I did not rent..." under "Was This Property Rented for All of 2021?" during the Property Profile section of this rental property.
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