Turbo Tax tells me to NOT check sold or dispositioned in 2022 if sold or dispositioned to a relative. (On the learn more button).
when I go to worksheets and enter sales price as zero, it is giving me a large loss and making my return increase significantly.
I don’t believe this is right.
My son who was gifted the rental is living in the condo as his main residence.
lf if sells after 2plus years, he will calculate gain from my cost basis.
I should not have gain or loss now, but how do I keep turbo tax from automatically calculating.
I don’t see the “specially handling” requirement button you mentioned.
HELP!
