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Investors & landlords
The situation is handled differently depending on why it was not rented in 2022.
If the property was still advertised and made available to rent, then you would just answer that it was not rented in 2022. Do not check the box that you did not attempt to rent it during 2022 if it was still being advertised.
Other situations would be that you sold the property or converted it to personal use. If either of these applies, check the appropriate box on the Property Profile section for the rental income and expenses and TurboTax will walk you through what you need to do on the 2022 tax return.
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March 3, 2023
6:23 AM