I sold my rental home in 2016, why is there no depreciation for the time it was a fair market rental?
According to IRS Publication 527 on rental property, "Property placed in service and disposed of (or taken out of business use) in the same year" is not eligible for depreciation.
I sold my rental home in 2016, why is there no depreciation for the time it was a fair market rental?
According to IRS Publication 527 on rental property, "Property placed in service and disposed of (or taken out of business use) in the same year" is not eligible for depreciation.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.