I sold a house that were converted to rental. There are two places to input the depreciation (one inside adjusted cost, one in the main flow). do I input in both?
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I sold a house that were converted to rental. There are two places to input the depreciation (one inside adjusted cost, one in the main flow). do I input in both?
I sold a house that were converted to rental. There are two places to input the depreciation (one inside adjusted cost, one in the main flow). do I input in both?
No, you do not input the information in both places. You can input the depreciation on the Cost of Property (or Tax Basis) Plus Expenses of sale located on the page Sales of Business or rental property.