Hello all,
I am using Turbotax online. Bought a condo in 2002 for $200k, lived in it until 2007 and rented it out starting 2007. Many bad renters later, sold it in 2024 for $167.5k. I reported the rental income etc every year in Turbotax, and it calculated depreciation every year. However, when I entered my sale price and sale date in the Rental section, it created a Sale of Business Property section, and it is saying I made a gain of $141k! What am I doing wrong?
