When I told my DH I was going to ask you all this question he looked at me and said, “you know the answer”. I kind of do, but, still...
I sold a rental condo Dec 19 to a young couple. The selling agent is a friend and the buyers agent happens to be a neighbor of mine. Yesterday I saw my neighbor and he told me that the dishwasher (15 years old) flooded. Thankfully no damage. They were going today to buy a new one. I came home and DH and I decided to offer to buy it for them. (mid range, not top of line). They were ecstatic. They remind us of our own children and I hope someone would have done this for them.
My question is that it’s now 2020. Can I take this off depreciation of the condo? It’s only 2 weeks since I sold the unit but realize it’s a different tax year.
Ok, let me have it....
I sold a rental condo Dec 19 to a young couple. The selling agent is a friend and the buyers agent happens to be a neighbor of mine. Yesterday I saw my neighbor and he told me that the dishwasher (15 years old) flooded. Thankfully no damage. They were going today to buy a new one. I came home and DH and I decided to offer to buy it for them. (mid range, not top of line). They were ecstatic. They remind us of our own children and I hope someone would have done this for them.
My question is that it’s now 2020. Can I take this off depreciation of the condo? It’s only 2 weeks since I sold the unit but realize it’s a different tax year.
Ok, let me have it....