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Self employed
So I take it you have owned this property for more than 27.5 years and it has been a rental property for more than 27.5 years since that's the only way it could already be fully depreciated. Your situation while not rare, is not that common either.
Basically, just work it through the rental & royalty income (SCH E) section of the program and pay attention to detail. Your situation is nothing that the TTX program can't deal with *PROVIDED* you pay attention to detail and correctly enter the data the program asks you for. This just isn't that big a deal.
‎January 17, 2020
4:13 PM