Get your taxes done using TurboTax

There are a lot of issues.

 

One primary issue would be the home sale exclusion (one or both of the properties).

 

See https://www.irs.gov/publications/p523#en_US_2022_publink100073574

 

Another would be depreciation recapture if you sell.

 

See https://www.irs.gov/publications/p523#en_US_2022_publink100077085

 

 

You should really seek guidance from a local tax professional for this matter.