Solved: Returning rental to owner after having made some Leasehold improvements

pbmunkey · Mar 16, 2022 3:52:03 AM

<P>I rented a home from someone and rented it out on Airbnb. I spent money putting in a new kitchen and driveway and have not fully captured the depreciation on the renovations. I returned the home to the owner in 2021 and walked away from the business. I would like to capture my entire depreciation. Would I dispose of this asset as a sale with a value of $0?</P>