We purchased a home that was to be our main residence in November 2013. Instead, we ended up renting it from February 2014 - February 2018, at which point we put it on the market. TurboTax was used all of those years.
The renter stayed until July 2018, but the house was still not sold. The house did not sell until a year later: August 2019. In 2018, rental income was counted for January - July, and $0 income for August-December.
In 2019, we did not rent the house or try to rent it, because we kept thinking it was going to sell.
When I opened this year's TurboTax, I answered all of the rental property questions, including the one that asked if I rented it or tried to rent in 2019, which was No. After that, TT deleted the home as a rental property (since it was not rented and didn't produce income). I feel like all of the data that was kept in TT for all of those years is now gone?
I'm in another section now for Sale of Rental Property, and was able to enter the sales price and what I believe is the cost basis...but I do not know what to enter for Depreciation. I was hoping TT would have kept that information and auto-filled it for me.
Please help.
In addition: our divorce was finalized in 2019, so all proceeds were divided equally, including everything related to this property. In TurboTax, am I able to just divide all of these values in half? Having the same issue with regular capital gains and how to handle it.
