With the "old" roof from 3 years ago,elect to edit/update that asset.
Write down the amount of cost for the asset, and the amount of "prior Deprec" already taken and continue.
Work through that asset and indicate that you "stopped using this asset in 2022". On the next screen enter the date it was no longer usable; i.e.; the date of the loss.
On the "Special Handling Required?" screen, read it to understand why I'm telling you to click YES. Then click YES on that screen.
Write down the "current year depreciation" on that roof asset.
Now add together the "prior Deprec" and the Depreciation Deduction Amount for 2022 to get the total depreciation taken on the roof.
Now subtract the total depreciation from the original "cost" of the roof.
This final total is what you can claim as a Miscellaneous Expense in the rental expenses section. It will allow you to claim a loss on the old roof for what is not already depreciated, since the roof was a total loss.
Next, you'll enter your new roof asset with an obvious in service date sometime in 2022 - typically the day after the work was completed.
So for 2022 you'll have two roof assets listed; the old roof and the new roof Next year, you can just delete the old roof asset if it gets imported.
There's another way to do this too. But to me, this seems to be the simplest to explain in a text based communications medium such as this forum.
