bprince67
New Member

Entering Rental Expenses

This rental property was purchased in 2010 and has been rented since then.  Expenses and depreciation reported annually. In October 2021 my renters moved out.  Extensive repairs and fixup expenses were incurred.  Between Covid and the cost and lack of materials and finding contractors in 2021-22, the final work was not completed until 9/1/22.  This included dry rot repair on two above ground decks in the amount of $154K + another $16K of fix-up (carpets, paint, etc).   Couldn't find a renter and the house is now for sale.  The deck repairs will be considered improvements but the 2022 depreciation schedule only shows the deck expenses and has excluded the prior cost and depreciation info.  I realize that I may not be able to depreciate in 2022 since there was no income.  But concerned because the old depreciation info is gone.  Any special reporting requirements??