Client moved into their rental property in 2023 on which he claimed depreciation from 2019 to 2023.
How does he report the change in the tax return and defer or suspend recapture of depreciation till sale.
You'll need to sign in or create an account to connect with an expert.
Are you a tax preparer? You cannot use TurboTax to prepare tax returns for clients. TurboTax is only for do-it-yourself consumer use and cannot be used by paid preparers. Intuit (the company that makes TurboTax) has three tax software product lines for professional preparers: ProSeries, Lacerte, and ProConnect. You can find information about all three product lines at the following link.
Professional tax software for preparers
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
hus4lkid
New Member
jjhennessy
New Member
Norm34
New Member
jsm_tt25
New Member
rudy-kessinger
New Member