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Level 2
posted Apr 4, 2023 6:31:17 AM

Buying and then Selling an investment property in 2022

Hi all,

I purchased a new house as an investment property in Feb. I sold it in March without renting it out. The mortgage is an investment mortgage. How can file the tax in TurboTax, same as other rental properties? Thanks! Charles 

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2 Replies
Level 10
Apr 4, 2023 6:37:05 AM

SINCE YOU NEVER RENTED IT OUT, IT WAS NEVER A RENTAL PROPERTY. IT SHOULD BE TREATED AS A SHORT-TERM INVESTMENT, LIKE STOCKS, ETC.

Level 2
Apr 4, 2023 7:29:17 AM

Thanks!