landlord
New Member

Deductions & credits

Thanks for your response Carl. Page 4 of IRS Pub ( <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p544.pdf">https://www.irs.gov/pub/irs-pdf/p544.pdf</a> ) discusses a loss on sale of converted property and indicates the loss would be based on FV at conversion if lower than adjusted basis at conversion, which is true in my case. Does your suggested input method in TT get you to that result?