I just sold a rental proeprty that I have owned for 8 years. How do I estimate my tax basis and capital gain that I will have in 2023?

[tagteam]

If you have a desktop version of TurboTax you can do a what/if scenario.

[Critter-3 · Accepted solution]

Ok ... the tax basis is on the depreciation worksheet so if you have not been depreciating the property as you must do then you need to RUN to a local tax pro when filing the next year's return to get this error fixed correctly.