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roymaninc
New Member

I sold my rental home in 2016, why is there no depreciation for the time it was a fair market rental?

Home was rented for 5 months, then personal use for 4 months, then sold for a loss.
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Anita01
New Member

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.

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1 Reply
Anita01
New Member

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.

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