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Investors & landlords
Yet another question: I converted my home (purchased in 2004) to a rental in 2014 and sold in 2022. I understand I assign my cost basis as the fair market value at the time of conversion. But working through the rental sales prompts turbotax asks for the date the property was purchased or acquired. I would put 2014 here, correct?
Thanks as always,
Paul
‎April 4, 2023
9:53 AM