Our family limited partnership owns a rental house, but we didn't rent the house in 2017 because we're trying to sell it. Should I count the property as retired for 2017?
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Our family limited partnership owns a rental house, but we didn't rent the house in 2017 because we're trying to sell it. Should I count the property as retired for 2017?
In prior years we had income from the rental property and also depreciated the house and other assets
Our family limited partnership owns a rental house, but we didn't rent the house in 2017 because we're trying to sell it. Should I count the property as retired for 2017?
Yes, if it's no longer available for rent, it's no longer in service, so it's no longer a rental property.
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Our family limited partnership owns a rental house, but we didn't rent the house in 2017 because we're trying to sell it. Should I count the property as retired for 2017?
Yes, if it's no longer available for rent, it's no longer in service, so it's no longer a rental property.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"
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