I had a rental house for many years that I sold in 2022. The rent I charged has been on the low end, so I've ended up taking some losses each year, which have accrued over the years. My wife passed away in 2020 and I had the house reappraised, but I did not know to retire the original asset in 2020 and put a "new" rental house asset into place at the new appriased base value. Now, in 2022, I'm trying to figure out how to do this best. My accrued losses through 2020 should have been wiped clean, and the losses in 2021 and 2022 would apply against the sale, but how do I enter this correctly in Turbotax? Should I go back to my 2020 and 2021 files and update them, or is there a way to enter this all in the 2022 tax return?
