floryba
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Yes, the depreciation is calculated on FORM 4562 and that total amount is entered on my Sch E.The loss amount on Schedule E is quite a bit higher than the Deduc...
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Thank you for your quick response.I understand that I can deduct my passive loss carryover amounts upon the sale of my rental property.What I'm concerned about ...
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- Posted Yes, the depreciation is calculated on FORM 4562 and that... on Investors & landlords. June 1, 2019 12:48 PM
- Posted Thank you for your quick response. I understand that I c... on Investors & landlords. June 1, 2019 12:48 PM
- Posted Turbotax has never allowed me to take depreciation deductions. Rental Home Depreciation = $269,818. CapGain = $182,400. PLCarryover = -228,194. Are taxes owed on sale? on Investors & landlords. June 1, 2019 12:48 PM