Thanks for responding, I'm afraid I have complicated this though... Son was definitely not a dependent.
I spoke to a 1031 exchange company and the person said that the IRS might ding me for depreciation I DIDN'T take, BUT COULD HAVE ,if I don't do the exchange. She also said that as long as it wasn't my PRIMARY residence that it would still be an investment property and that I didn't have to rent it (which is what you just said.)
I did more reading and apparently she might be correct about the depreciation that I didn't take so I looked back at my taxes and I don't see a schedule E for that property. Now I'm worried that I may have "converted it to personal use." I read a thread that says this...which I'm afraid I might have done " "I did not rent or attempt to rent this property at all in 2019. If you do, then you'll be FORCED to delete the SCH E. Do that, and you're screwed."
I guess it's 2 questions. Will the IRS ding me for depreciation I didn't take it I don't do a 1031? I don't care about if I can do the 1031, I probably wouldn't bother to go back and add it.
OR will they not ding me for it if I chose the but say it was personal use and disallow the 1031?
I posted a new question about whether and how I should amend my returns for 2020 and 2021 to put the property back on schedule E. I tried to do it, but there's no option for that property so I don't know if I somehow dropped in in 2019 (which I did claim 6 months of rent) or if the program just isn't seeing it to bring it back.
