In 2016 I converted my main home to rental property, then sold it in 2018 at a loss. Do I treat this as sale of my main home, sale of rental property, or both?
I purchased the home in 2010 and it was our main home until 2016, so it meets the 2-of-previous-5-years test.
011093
1 Best answer
CynthiaR
New Member
Jun 4, 2019 5:46:49 PM
Since the home was converted to a rental in 2016 it is no longer your main home. The sale of the home would be treated as a sale of a rental home.
1 Replies
CynthiaR
New Member
Jun 4, 2019 5:46:49 PM
Since the home was converted to a rental in 2016 it is no longer your main home. The sale of the home would be treated as a sale of a rental home.