Max5913
New Member

Bought condo for investment. used four years by adult son and his family, then used four years as rental, then used three years by adult son. how do I capture sale?

Bought condo for investment/rental purposes in 2006, but immediately wound up letting youngest son and his family use it free for 4 1/2 years. I paid mortgage and other fees.  

Changed to rental in Aug 2010 when son moved out.  

Continued to use as rental until Feb 2015.  

Changed back to use by adult son and his kids who used it free until Feb 2018 when we sold the property at a loss.  

Where do I file this in turbo tax - rental property, personal use, investment, combination?  Also, can I depreciate the condo for the years it was rented?