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When entering the Purchase Price of a primary residence that was converted to Rental, do I include all closing costs/fees or is it ONLY the price of the unit that the seller agreed to sell it for?
When I bought my unit, it was 489k. With the closing costs, it ended up being 500,138.
What do I plug in in the "Enter Purchase Price" section of Schedule E?
I'm using Turbotax Premier 2019 Desktop version. Thank you.
‎February 13, 2022
9:16 AM