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Business & farm
If your last tenant moved out in August 2022 and you were no longer holding your property out for rent, you could indicate in TurboTax that you 'converted to personal use' in the Property Profile section. It is not unusual for a property to be taken off the rental market, then fixed up prior to selling it. It doesn't mean that you lived there, it just means it was no longer a rental.
Report the Sale Date in the Assets/Depreciation section. Indicate that you 'rented all year' (meaning time it was available for rent). Say Yes to 'Special Handling'.
Then in the Search area, type 'sale of business property' and click on the 'Jump to sale of business property' link. EDIT Copy 1.
If you made improvements to the property prior to sale, be sure to add them to the remaining Cost Basis when reporting the sale. Enter the amount of Prior Depreciation TurboTax displayed for you in the Rental Section earlier.
The sale is reported on Form 4797.
If you lived in the home prior to renting it, you may be able to exclude all or part of your gain. Here's more info on Excluding Gain on Sale of Rental Property.
If you had a loss, here's details on Selling Rental Real Estate at a Loss.
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