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Investors & landlords
Since it was no longer your personal residence you do not use the Sale of Home in the Less Common Income section.
Sales expenses should have been entered when going through the section for sale of the rental.
Improvements should have been included in the basis of the rental. Improvements should also have been depreciated in the rental section. Repairs should have been entered as a rental expense.
ā€ˇFebruary 6, 2021
12:26 PM