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Primary residence now Rental home how to report?
Our primary home was converted to a rental and rented out Jan 1 2024. For several years the home was listed as primary residence in our tax returns. For 2024, how should the home be entered into TurboTax? Do I first delete it as primary residence and then list separately as a new rental property? Or is there an option where I can specify that a primary residence is now a rental home? Also where would I list the mortgage interest and taxes paid on this property? Thank you!
‎February 4, 2025
6:36 AM