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Get your taxes done using TurboTax
I am no expert, but I have a similar situation in that we have an attached apartment on the side of our house that we rent out. When we started renting it back in 2012 we had a CPA do our taxes so we would be sure to get the basis and depreciation started on the right foot. This might be overkill for what you are trying to do, but I have done my own taxes using TurboTax for many years so what I did was used the TurboTax software for 2012 (2020 for you) to recreate exactly the same outcome as the CPA did. I therefore had the foundation set for future years which worked out great and I have done the taxes ever since using TurboTax. Just a thought that you might want to try...worked well for me. Good luck.
‎April 12, 2022
10:32 AM