Family home was purchased in 2006 at a price of $355,000. Additional improvements were made in the next 3 years at a cost of $38,000
We moved in 2010 and due to the poor housing market, the FMV of the home dropped to $366,000 when we converted to a rental property. Depreciation was taken on the property since 2010, although some it rolled over due to income restrictions
The home was sold in August 2018 for $350,000.
Improvements, costs of the first loan (approx $6,000) and the expenses ($21,000) we paid for the sale are not taken into consideration under rental properties schedule E. Where or how do I list the sale of the house in Turbo Tax?
