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Investors & landlords
Either way you enter it, TurboTax should come out with the same results. Either way you get to deduct your qualified rental expenses prior to the sale. In the rental interview, you indicate it was taken out of service, rather than sold, if you'll be reporting the sale under home sale.
It's just opinions on which way is easier in the interviews.
March 30, 2021
5:53 AM