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Investors & landlords
@RobertB4444, thank you for the reply and compliment; you have just reduced my anxiety level and blood pressure by a lot! I have one follow-up question re: 2023 taxes, similar to my original question #1.
In TT 2023, on the "Was This Property Rented for All of 2023" screen, I will answer "No, this property was not rented all year" because it was never rented out for even one day in 2023 (it was sold on 1/10/23).
I will also enter Days rented = 0, Personal use = 0.
And lastly, for the box that says "I did not rent or attempt to rent this property at all in 2023," I will check that box because it's a true statement. Now, as soon as I do that, I'm guessing that TT will delete my Schedule E for this property, which seems OK because the property was never rented in 2023, was sold in 2023, and so I shouldn't worry about Schedule E being deleted.
Does everything that I've stated here seem correct for what I should enter into TT 2023?
Thanks again for your help and expertise.