I’m using Turbotax business to file a return for my Mother’s estate, which includes a rental property. I’ve successfully added the asset with acquisition date the date of my mom’s death and acquisition cost equal to the stepped-up basis value. But the property was in service only until 10/1/23 when the home was vacated so that it could be prepared for sale. The home sale took place in 2024, so for my 2023 return I need to let TurboTax know that the home was converted to personal use on 10/1/23. But I am not offered that option. The only option I’m given for taking the home out of service on 10/1 is to sell the home.
I did not have this problem in TurboTax Deluxe, which I used to file my Mom’s 2023 1040 return. I was able to convert the home to personal use on her death date.
Any suggestions would be appreciated.
