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Investors & landlords
I did stay in the house for personal reasons for a good part of January. Just to lay things out, I stayed in the house for personal reasons with my family in January (while renovation was going on). House was empty available for rent (or sale), no takers, starting Feb 1 until it was rented out August 1. But should the depreciation be at $0? Seems like it should be some number > $0, but what do I know?
As long as it's not a Turbo Tax bug, I guess I'm ok. Do I need to do anything special to have all this depreciation carry over to 2022? I'm assuming that since I didn't claim any one-time deductions and spread everything out, I should have the depreciation the following years?
March 7, 2022
11:14 AM