Thank you for your reply, Colleen! I have a related follow up question.
1) Since you had rental income and expenses. you should have recorded the sale in the Rental Section.
I attempted to record the sale in the Rental Section, but I couldn't figure out how to make TT calculate the gain on the sale properly as it seemed like it was using pulling the FMV at the time we converted it to a rental to calculate it rather than our actual purchase price. If I change the cost on the page where it was reviewing the info it transferred from 2019 to match our purchase price, then the depreciation wasn't calculating properly.
If instead, I did it the way I detailed below, and recorded the sale as a sale of Business Property, the numbers looked correct. Is there a reason that I couldn't do it that way?
