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?

zuvyte1 — Sat, 01 Jun 2019 18:24:27 GMT

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?

You can delete the Schedule C if it is no longer applicab...

JulieR — Sat, 01 Jun 2019 18:24:27 GMT

You can delete the Schedule C if it is no longer applicable but before doing so, be sure you have saved copies of your depreciation schedules and Schedule D carryforward information, etc.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

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

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?

You can delete the Schedule C if it is no longer applicab...

topic 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? in Investors & landlords