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Get your taxes done using TurboTax
Re: emina "do you mean the rental was converted into a personal residence?"
Yes, the rental was converted to a primary residence. A great deal of discussion took place here and elsewhere resulting in the general consensus that because the entire property was used for rental until such time as the entire property was used for primary residence, and because the property was sold as a residence (albeit one with a history of depreciation) then Form 8949 should be filed rather than Form 4797.
That is what I have been doing.
The Instructions for Form 3801 are not helping me but thanks for linking them, nevertheless. Thise real just say "figure out all the differences, do all the calculations and then put the completed answer in Column (e)." Ugh.
I may be calling 🙂
Thanks.