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Investors & landlords
We have been self filing via Turbo Tax beginning in 2018. We bought a mountain condo in 2018. We bought it to take money out of the stock markets and invest it in income producing residential real estate. A successful endeavor it turns out. We rented it out as a series of short term rentals over several years. We have depreciated it and used it for personal purposes a little. We stopped renting it out on Oct , 22,2022 and put it up for sale. We sold and closed on December 2, 2022. I am lost on how to report the use, rental income, expenses and the sale of the property. I have PAL carryforwards and we did have a gain on sale. Help please. Thank you.
I am willing to pay Turbo Tax for the use of a expert but cannot figure out how as our return is complete except for the issues listed above. John Wright