I owned an inherited house jointly with my sister (50/50) and we rented it out mainly weekly in the summer but sometimes off season monthly. She used it max 2 weeks per year, I did not use it.
In 2022 she bought me out and she will not be renting it any further, but using it as her retirement home. So when she does her Turbo Tax return (with Premier) she will answer converted to personal use = Y. I have been bought out, so I guess I can say converted to personal use = N ? Not sure if I am answering for my 50% or not. Also not sure what the Y/N answer does to my return.
Separately I know I will have capital gain because I have a basis in my half of the house which is 50% of value when I inherited, and the buy out was based on 50% of professional appraisal.
