.federal taxes/ wages & income/ select specific topics/ rental and royalties/ /view list(then )
I'll choose what I work on
Rental and Royalties Summary
click blue button bottom left of screen (add another rental or royalty)
enter property information.
"What kind of property is this'
Select commercial 'warehouse"
Follow prompt from there to enter as nonresidential asset depreciation 39 years.
Commercial 'warehouse" is given as a choice in Home and Business, so i cannot state for sure your version has that option.[a warehouse rental ,nonresidential, is still passive ,a Schedule E , even though you only own to use]
The selection for hours is for a real estate professional , so that is not a factor.
Still have questions?Make a post