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Deductions & credits
Kinda hard to know if the response provided applies to your specific and explicit situation. Is this for a property you own and have converted it to a rental in 2019? Maybe it's a property you inherited in 2019 and sold?
If you are converting your primary residence to a rental, you won't enter the same data from the same source as you would for property you inherited and sold. There's a third option too. If the property was gifted to you, then you won't use either the appraised value or assessed value.
So what is your specific and explicit situation?
March 21, 2020
6:09 PM