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Level 2
October 7, 2023
Question

How do I remove the rental activity in the tax return but not lose the suspended losses when the rental is converted to personal use?

  • October 7, 2023
  • 1 reply
  • 5 views
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1 reply

George4Tacks
Level 15
October 7, 2023

I the depreciation section, enter a sales date, but no sales price. The assets will then just sit there and not accumulated depreciation after the termination sate. Any loss carry over will show and carry on with the return. In the Rental Screen. Indicate the days rented, DO NOT enter 2=delete next year. 

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