A few things need further clarification.
purchased in 2015. It was rented 100% of the time from 2015- 2020
So the property was purchased and immediately placed in service as a rental. You never lived in the property until you converted it to personal use on your 2020 tax return. Or did you convert it to personal use on your 2021 tax return?
After you identify the tax year you converted the property to personal use, you will need some documents from that tax year.
- Two form 4562's that print in landscape format. One is titled "Depreciation and Amortization Report" and the other is titled "Alternative Minimum Tax Report".
- IRS Form 8582-Passive Activity Loss Limitations.
then became a primary residence end of 2020 on to 2022 except 6 months in 2022 when it was used as rental again.
What month did you convert the property back to a rental? Did the property remain classified as a rental for the remainder of the tax year and into 2023? Is the property still classified as a rental today in 2023? This matters big time. It also matters what you used as a cost basis for depreciation on the 2022 return, as it will "NOT" be the same cost basis you used originally for the first time it was a rental.
