I sold my primary home at a loss after living in it for 10 years. The home was rented to the buyer for 18 days prior to closing, Since the home was "converted" from my primary residence to a rental for 18 days, TurboTax wants to take the loss against the purchase price as a deduction and depreciate the value of the home. Is this correct? It seems like a huge deduction, which would be great if its correct, it just doesn't feel that way. The rental fees for the 18 days were at or above the state fair market value.
