I know we have answered this before..but my brain is stuck in the mud right now.
Very elderly client has a rental house. In 2009 she had a little income but people wouldn't get out of house and really make a wreck of it. She didn't rent it in 2010....needs so much work and she is very old and has had a stroke. In fact, they put the house up for sale.
Do I put the Sch E in the return this year and claim the depreciation and taxes on the property? I am thinking I can't do that. But just wanted to make sure.
Linda, EA
Very elderly client has a rental house. In 2009 she had a little income but people wouldn't get out of house and really make a wreck of it. She didn't rent it in 2010....needs so much work and she is very old and has had a stroke. In fact, they put the house up for sale.
Do I put the Sch E in the return this year and claim the depreciation and taxes on the property? I am thinking I can't do that. But just wanted to make sure.
Linda, EA
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