I bought a property in 2007 for $500,000 and sold it in 2022 for $425,000. I rented this property in 2022 for a few months (2 months x $2000) and the renter bought it. It did not generate any rental income prior to 2022. Can this be treated as a Section 1232 loss where I could reduce my taxable income by $75,000?
