Michele_H
Employee Tax Expert

Self employed

Hi @a3249532 there is a possibility that a portion of that can be taxable since it was turned into a rental in 2019.  There are a series of questions that are related to the sale of the rental that will help you determine this.

Here are several articles to help with your situation.

 

https://turbotax.intuit.com/tax-tips/rental-property/real-estate-tax-and-rental-property/L3e09vT71

https://www.irs.gov/faqs/sale-or-trade-of-business-depreciation-rentals

https://turbotax.intuit.com/tax-tips/home-ownership/tax-law-for-selling-real-estate/L9PmDNkK5

 

 

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