Unfortunately, the program can not handle a situation where you change a property from rental to personal use, then back to rental in the same tax year. Now you can "force it" with overrides. But two things happen when you do an override. It's also possible to do it by "jumping through hoops of fire" so you don't have to do an override. But the probability of user mistakes are even higher.
- The TurboTax 100% Accuracy Guarantee is voided. So if audited, you're on your own. If the IRS finds/declares you made an error and you are penalized for it, you're on your own. TurboTax will not pay any fines/penalties the IRS (or state if your state taxes your income) may assess.
- You can not e-file the return. Attempts to do so will be rejected. You will have to print, sign and mail the return to the IRS. It's also possible that all returns after 2022 will require an override on your part, meaning that these two items will apply in following years.
