I purchased a condo in 2006 for 142k. I lived in it until August 2014 and immediately started renting it 9/1/2014 because the value was horrible and I still owed over 100k. I never moved back in it. I listed it for sale in June 2021 after learning my renter was not renewing. My renter left middle July 2021 and until the sale closed for 120k in September 2021 I never moved back in the unit.
My FMV for tax purposes was set in 2014 at 101k (95k for the unit and 6k for the land). Not sure how to go forward, but the steps in TT Premier are not generating a Form 4797. I'm pretty I at least have depreciation recapture, but TT is not populating it when I put in the figures. Any suggestions on how to manuever through TT Premier to accurately record the data? Thanks for any assistance
