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Get your taxes done using TurboTax
Yes. Property was sold in 2021...no I was not using TurboTax Business Edition for the prior years of rental Trust tax returns. Think I assumed that since TurboTax 2021 Business Edition asked for the total amount of depreciation for all other years that it would calculate the total capital gain for me - very confusing with the prompt for unrecaptured section 1250 gain when previously asked about date of step up basis estimate (i. e. 2009 is the way after 1986)
March 25, 2022
12:09 PM