Investors & landlords

That is exactly what I would like to do. Does this require TT Home & Business?

 

In TT Premier 2021,  I answered these questions:

  • “Tell us about your situation this year”, I selected: “First Year Rented” and “Converted Home to Rental or Rental to Home”

  • “How was My-Rental converted?”, I selected: “From rental to primary residence”

  • “Was My-Rental rented every single day in 2021?”, I selected: “No”. I then entered the “Fair Rented Days”.

When I Edit the details related to the "New Rental Property", TT Premier 2021 gives me a "Tell us more about your purchase of The-Rental" screen and then asks a series of questions about cost basis. I assume that's because I purchased the rental property in 2021. I would like to indicate that the asset was converted to personal use... but I don't see how to get TT Premier 2021 to show a screen where I can provide that info.