TLTaxman
Level 1

Will the program automatically compute depreciation for the 5 month rental portion of the year? What do you enter to make this depreciation allocation since it is not a taxable disposition of the property. The house was rented for the first five months of the current year and the owners moved in and are using it as a personal residence thereafter.

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itonewbie
Level 15

You can retire the rental property by following this article: https://accountants-community.intuit.com/articles/1608729-disposition-of-a-schedule-e-rental-propert...

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Still an AllStar

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