Thank you.
I ran the numbers again on a new "test" tax return, prior to calculating any of my other rentals, and it got worse. I don't know what numbers I could have changed or left blank.
I purchased the rental house 2/19 and sold 6/19. There was no prior depreciation and for 2019, TT gives me depreciation deduction of $4,297.
Is it realistic to own the property for 4 months, net $10,451 profit (425000 sale minus 6040 expenses minus 408509 purchase price = 10451 profit) and have a gain of $69,473, which the delta in my tax equals owing $14,995 (more money that I made).
After 26 years of using TT, I might need to hire an account.
