Investors & landlords
There is a section entitled Any of these Situations Apply to This Property. Here you will indicate that 2021 was the first year you rented the property and that you converted it from personal to business use. I have included a screenshot at the bottom of the page.
To report the date you stopped using the asset, go to the Assets/Depreciation section of your rental summary,
- start answering questions until you reach a page that says Your property Assets, select edit where your rental property is listed.
- Answer the questions until you get to a screen that says Tell us more About This Rental Asset. Select the item was Sold, Retired .....
- When you make this selection, a pop up will occur that asks you when you retired it from use. I have a second screenshot showing this.
