turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

"Was this (rental) property your residence in the past?" Do I answer yes if I grew up in the house & just purchased it from my mom in 2017 and rented it out immediately?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MichaelDC
New Member

"Was this (rental) property your residence in the past?" Do I answer yes if I grew up in the house & just purchased it from my mom in 2017 and rented it out immediately?

No. Answer the question from this perspective: "Was the (rental) property your residence while you were the owner?"

When you do that, your answer is "NO".

If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.


View solution in original post

1 Reply
MichaelDC
New Member

"Was this (rental) property your residence in the past?" Do I answer yes if I grew up in the house & just purchased it from my mom in 2017 and rented it out immediately?

No. Answer the question from this perspective: "Was the (rental) property your residence while you were the owner?"

When you do that, your answer is "NO".

If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies