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

 
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PatriciaV
Employee Tax Expert

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

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.

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PatriciaV
Employee Tax Expert

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

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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