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Solved

No longer renting our Vacay Rental (2018) due to Hurr Irma damage & don't plan to anymore. TTH&B asks to fill out SchC and Car & Truck inf. Do I delete SchC?

Forum|Forum|7 years ago
June 1, 2019
1 reply
24 views

We are no longer renting our Vacation Rental in 2018 due to Hurricane Irma damage & we don't plan on renting it anymore. It will only be used as a second home. TurboTax H&B is asking us to fill out Sch C and Car&Truck info. Do I delete Sch C? Can I use TurboTax Deluxe in the future? Will our business losses be tracked in TT Dlx & when we sell our second home will the Capital gains/losses be tracked properly?

TurboTax Home & Biz Windows

Best answer by

You can delete the Schedule C if it is no longer applicable but before doing so, be sure you have saved copies of your depreciation schedules and Schedule D carryforward information, etc. After the information is deleted, TurboTax will no longer be able to track it for you.

A

Anonymous

Answer

You can delete the Schedule C if it is no longer applicable but before doing so, be sure you have saved copies of your depreciation schedules and Schedule D carryforward information, etc. After the information is deleted, TurboTax will no longer be able to track it for you.