Carl
Level 15

Investors & landlords

While the explanations given are correct, they don't tell you how to deal with it in the TurboTax program. In order to give you those details, we need to know the following.

1) Was the last occupant to vacate the old house a paying tenant?

2) If yes to 1), when did they move out?

3) When was the structure demolished?

4) When was construction of the new structure completed?

5) What is the status of the new structure? Is it a rental? Did you sell it? Did you move into it as your primary residence? When?