I am confused where to report these properties below and depreciate & AMT part of it.
I purchased this house in 2011 and lived there for 6 years before rented out. It was rented for 8 month in 2018 and sold it in March 2019. (Where do I report this property, I always used Turbotax business desktop CD). Last year I reported as business since it was rented for 8 months in 2018.
How do I Depreciate and AMT (If it apply to me)
I bought this house for $65K in 2011 and sold it for $149K
It was rented out for $1400 a month for 272 days (8 months) It was not rented after this time and sold in March 2019.
In March 2018 I purchased condominium to flip and sold it in October 2019 (Where to report this) It was strictly for flip (not rented out at all)
Thank You!
TuruboTax user since 2012
