I bought home in 2010, lived there until 2017, rented for about 1.5 years and sold it in 2019. I never moved back this home after I rented. I bought other home as my primary residence in 2017.
For the question "Did you use this home for anything other than your primary home", when I click turboTax's help center link, it says below and for me it sounds like I should answer "No" but if I just look at question, I think I should answer "Yes". What should be my choice, please help.
This is what TurboTax's Help center says, if you are interested in:
NONQUALIFIED USE OF A MAIN HOME
Simply described, "nonqualified use" means any use other than as a principal residence after December 31, 2008. So, for example, use as a second home, vacation home or rental is considered "nonqualified use" beginning in 2009 or later. However, "nonqualified use" does not apply to time that falls into one of the following categories:
1. Periods of time after its use as a principal residence.
2. Temporary absences due to a change in employment, health or unforeseen circumstances.
3. Any period (not to exceed 10 years) during which you or your spouse (if married) is serving on qualified official extended duty as a member of the uniformed services, the Foreign Service, the intelligence community, or as an employee or volunteer of the Peace Corps.
Here are a few examples:
1. After owning and living in it for several years, you move out of your main home on August 1, 2019, and rent it out for a year before selling it. The time it is rented out doesn't count as "nonqualified use" because it is AFTER being used as a principal residence.
2. You purchase a vacation home in 2008. It is not rented or used as a principal residence until August 1, 2019 when you move into it and make it your main home. A couple of years later, when this home is sold, the amount of time the property was not a main home after December 31, 2008, is considered "nonqualified use". In this example, the property was a vacation home between December 31, 2008, and July 31, 2019, and none of the exceptions apply, so that time must be considered "nonqualified use".
