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Investors & landlords
Thank you. I read through this link but couldn't find the answer. Shall I report a loss (using adjusted cost at purchase) or a gain (FMV when converted to rental)? In IRS Publication 544, it says to treat it as 0 (no loss and no gain) - if so, how do I enter that in TT? @MarilynG1
ā€ˇFebruary 18, 2021
5:21 PM