Thanks @AmyC .
If TT handles only single schedule depreciation, how would you enter the new adjusted basis in TT for depreciation.
- Do I create a new property profile for bulding B as a new rental property address etc and add a new asset with basis $200,000 for depreciation? What happens to bulding A property profile in TT in this case, would it disappear automatically in 2023 return since its marked as sold ?
- OR Do I create a new asset in the building A rental property profile?
Thanks!
