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Get your taxes done using TurboTax
1.) It was our principal residence for residence in 2 of last 5 years 2013 to 2019. rented out 2020 and 2021
2. ) We rented it out for 2 years
3.) We did not convert from rental to principal residence.
Yes asking about seller financing. Depreciation taken in 2020 ~ 3k & 2021 ~3k. Cost Basis of ~$150K selling for ~$400K (married filing jointly) Offer of 300K down + 100K in seller financing.
‎September 21, 2022
3:53 PM