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Get your taxes done using TurboTax
In the U.S., it was a rental home instead of a main home so it is taxable as an investment property.
- If you have been reporting it on sch E, you will need to mark the asset as sold. For a personal residence converted to a rental and later sold, please see another post of mine here for pictures and steps.
- If you have not been claiming it as a rental - disqualified, like a family member lived there or below value rent charged - see Where do I enter the sale of a second home, an inherited home, or land on my 2022 taxes?
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‎April 11, 2023
4:22 PM