How do I classify the rental property I sold for a loss in 2016 as an "investment" and show it is a capital loss (8949, Scheduled D) not as business loss (4797)?

posted

1 Best answer

Accepted Solutions

You can't. Since you have to recapture the depreciation, it is calculated on Form 4797.

1 Reply

You can't. Since you have to recapture the depreciation, it is calculated on Form 4797.

Still have questions?

Thank you for helping us improve the TurboTax Community!