mualoan
New Member

What version of turbotax is right for my case?

What is correct version of TurboTax?

Details: 5 yrs ago, I inherited a property under the rental and I continued to rent it out. At the time the property is under loan, and I continued to pay a few months loan but never deducted interest with TurboTax premier (CD). Then, I paid off the loan the same first year.

- Is there a guidance in turbotax to deduct the loan payment back on the first year?

- Is there a guidance in turbotax to subtract the payment (loan pay off) to the capital gain of the sell?

- Is there a guidance to calculate the depreciation on the property that I had never done?

- Which is the correct version I should buy?

Thank you