Does this information that you provided last year (2021) for a home sale in 2020 still apply to a rental house sold in 2021. My tenant moved out 12/31/2020 and then for the next two months, I worked on fixing it up for the purpose of selling it. I did not attempt to rent it out at all in 2021. I sold my rental property on 2/4/2021. Now, I am using Turbo Deluxe for tax year 2021. I had the same concern that if I correctly answer the question (i.e. I did not try to rent the house out in 2021) because my tenant moved out 12/31/2020, the turbo tax removes my schedule E. Then I am kind of at a loss as to how to close out all of the assets.
Is it still correct that I should say in the turbo tax program that I rented the house out the at fair market value in 2021. Then when I go to schedule E state that I had no income. Then continue with the disposing all the assets in the depreciation and amortization report. Is this still the correct method. Thank you for your assistance.
