I sold a rental property in 2019, for the last three years I have reported a depreciation of 3.63% . Due to the sale, should I report the same amount? or does it change?
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I sold a rental property in 2019, for the last three years I have reported a depreciation of 3.63% . Due to the sale, should I report the same amount? or does it change?
I sold a rental property in 2019, for the last three years I have reported a depreciation of 3.63% . Due to the sale, should I report the same amount? or does it change?
That changes. When you report the sale of of the "asset" the program will give you the correct amount of depreciation.
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