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Investors & landlords
Thanks so much for your reply
I am ready to file the 2022 income tax using online TurboTax Premier version.
In TurboTax, I will indicate stopping the rental activity as of January 1st 2022 with 0 day of rental and 0 day of personal use for the property while doing repair until the closing date of May, 2022. The repair cost from January to the selling date in May is about $4,000 and also I have an unhallowed loss of $5,150 from 2021 income tax Form 8582 Part VIII column (b) for this condo.
1. Where do I report the stopping rental date?
2. Where do I report these repair cost and loss numbers to adjust the cost basis? and would the unhallowed loss reduce my tax obligation?
3. How do I print all the 2022 income tax forms including all the worksheets for my record files from TurboTax Premier version.
Normally TurboTax only let me print a "pdf" of the tax forms submitted to the IRS at the end but not all the worksheets.
Thanks for your help