Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 1:25:50 AM

I sold rental property early in 2017 and did not have 15 days of rental. TT says don't do Sch E. Depreciation expense hows on Sch E (has a loss). Is this right? Thanks

I have to enter business usage under Disposition of Property and can't figure out t o not generate current/2017 deprecation expense for Schedule E 

0 1 663
1 Replies
New Member
Jun 6, 2019 1:25:52 AM

Yes, this sounds right that your rental is on schedule E. If the property was a rental property, it should be reported as a rental for 207, even if you didn't have income and expenses. You can deduct ordinary and necessary expenses while selling a rental property that you are not using for personal purposes. 

If you still have questions, please provide more information in the comments below. See another TurboTax answer on this topic below:https://ttlc.intuit.com/replies/6548609