We did the sale of a second home. We did not use it as rental; my mom lived in it rent free. Although it wasn’t a rental, should I list the sale of the home under business investment as if it was a rental.? I don’t see any other way to pay the taxes on the sale.
It is also asking about depreciation. We only owned the property for about 4 years and sold for a profit. I don’t understand if we are supposed to list something for depreciation?
