Thanks for the reply. When entering the cost basis, can I include the costs associated with the sale as well as the costs associated with refinancing the property while it was a rental? If I do that, this is what I end up with:
Date Acquired 12/23/2015
Date Sold 05/05/2021
Gross Sales Price 656,130
Cost Basis 694,470 = 656,130 + 33,724 (Cost of Sale) + 4,616 (Refinance Cost in early 2021)
Depreciation Taken 29,194 (includes depreciation from 2019, 2020, and included already on the 2021 return)
Loss -9,146
Thanks in advance for your expertise.
Matt
