I purchased a rental house 2/8/19, for $408,509. Land value 54,000. Sold the house 6/5/19 for $425,000 and same land value, but $6,040 in expenses to sell. I have run the numbers numerous times and TT keeps telling me I have a gain of $68,833 on the disposition of the house, killing me with taxes. I am running this through Property Assets after setting up for depreciation, then checking that I also sold the asset.
Any recommendation for a reality check on the gain amount?
