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How to file taxes for converting a 2-family house into condos and selling one apartment?
I had one 2-family house for couple of years starting from 2018, then converted it into 2 condos in 2020. I sold one apartment that I lived in and moved into another condo (apartment). I do not understand at all how to fill in in TurboTax. The very first questions are perplexing, for example, how long I lived in the house, how long it was rented?
My understanding is that I can sell my apartment without taxes and the 2nd apartment should be converted from rental to primary, correct? How to do this? In the previous years the house was described as a mix of own/rental
‎July 31, 2021
4:00 AM