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Investors & landlords
@RobertB4444you stated, "It sounds like you made a mistake last year. The rule is that it has to be available for rental if it can be - if you are in the process of remodeling it you can't rent it til you finish remodeling. So it's not a catch 22. You just have to understand where you're at. You should turn it back into a rental for 2020 and dispose of your rental property in 2021." so it is still considered a rental even though i did not attempt to rent it in 2020? do i need to officially amend my 2020 return in order to turn it back into a rental?
March 16, 2022
8:46 AM