De Minimus Safe Harbor - Had no rental income 2020. But had renovation expenses & improvements. Sold property June 2020. Deducted rental expenses for repairs, condo fee, etc. Added cost of improvements to cost of property (fully depreciated). Do I still need to printout & sign Rental Real Estate Safe Harbor Statement?
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No, if the property is sold then you either added the improvement(s) to the basis or expensed the items at the time of sale.
There would be no reason to amortize the expense so no need to use the Safe Harbor .
Yes, since it was not rented at all in 2020, enter your information in Sale of Business Property. You would add the cost of the improvements to the basis and get your depreciation information off you depreciation worksheet.
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