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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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March 29, 2022
4:35 AM