How do I Start up rental property after suspending depreciation for one year?
Last year I was told to put a date of disposition in the asset entry worksheet with no selling price. The rental property was not used at all in tax year 2017. This stopped depreciation for tax year 2017. Client is now starting up the rental property again On July 1 of 2018 . I need to start depreciating this property again, but only for six months of 2018 . There were also suspended losses that need to be carried forward. I do not know how to input this data or how to start up the depreciation. Please help .