This was incredibly helpful, as my situation is exactly as your described - selling rental property for a profit which had a lower FMV at time of the conversion. Im now using 2021 Premier and your guidance seems applicable for this version as well. Unfortunately, I have already entered the Sale info in the Schedule E section and cannot figure out a way to remove it now. I understand from your earlier response that I will need to report this sale instead in the separate Sale of Business Property
