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
Level 1
posted Jun 6, 2019 3:11:23 AM

I took my rental house out of service in 2015. Why is it still showing up in my 2016 taxes? Should I delete it?

0 1 445
1 Best answer
Expert Alumni
Jun 6, 2019 3:11:25 AM

Yes, if you reported that you stopped using a property as a rental on your prior year return, you may delete that property this year. Be sure you keep a record of the accumulated depreciation, as you'll need this number when you sell the property.

1 Replies
Expert Alumni
Jun 6, 2019 3:11:25 AM

Yes, if you reported that you stopped using a property as a rental on your prior year return, you may delete that property this year. Be sure you keep a record of the accumulated depreciation, as you'll need this number when you sell the property.