Placed in service i neither 2015. rented thru 2019. In 2019 We claimed rent for only half the year. All the lines on Schedule E expenses for 2019, EXCEPT line 18, are roughly 50% of the previous year which makes sense because in 2019 I put fair rental days of of 190 and personal use days of 145. Line 18 shows $515 for 2019 and $3056 for 2018 when it was rented all year. I know the residential depreciation would have been 2904 for the whole year of 2019 based on the depr and amort report 4562. The other depreciation lines for 2019 were 37, 105 and 119, so I don't know where the $515 comes from, it's way less than 50% of the total depr for the year of $3165.
Schedule E for 2020 only shows our other property, this one is gone.
Do I need to fix something for 2019 or can I just amend 2020 and 2021 so it is a rental and claim expenses with $0 income and 0 days rented and 0 days personal, stating Covid and repairs as reasons if asked? I will then claim some rent for 2022 which will be all offset by expenses anyway. I just CANNOT figure out what to choose in TT because the options are first time rental or convert personal to rental /rent to personal or sold.
My main goals are to preserve rights to use 1031 exchange and to not have to pay deprecation recapture on depr I didn't take if we can't do 1031. Afraid claiming 2 years of no rent will trigger a problem as well.
