KrisD15
Expert Alumni

Investors & landlords

I see the answers you have gotten, may I ask a couple more clarifying questions? 

 

After depreciation and insurance will you have a gain or loss? 

 

Are you entering this into the program from scratch? In other words, this is not a rental you have been reporting in TurboTax year after year, rather you are entering new in the program for the first time? 

 

Then you want to claim a casualty loss for the building, then convert the land to personal use?

 

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