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July 15, 2020
Question

I sold a rental property in 2019, for the last three years I have reported a depreciation of 3.63% . Due to the sale, should I report the same amount? or does it change?

  • July 15, 2020
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1 reply

July 15, 2020

That changes.  When you report the sale of of the "asset" the program will give you the correct amount of depreciation.