I have never claim depreciation before (my tax guy didn't do it form what I can tell).For this sale I got Form 1099-S during closing, do I need to report that?
I took "Got the house in 2010 for $120,000 . Moved out in 2014" to mean that it was your residence from 2010 to 2014.Correct.If you lived in the home, prior to ...
Bottom line answer: you do not get to deduct the loss, on the sale, because the principal use, during your ownership, was as you home. The rental period does no...
How does one find Fair Market Value for a house from years back? I went to Zillow, typed the address, and looked at the history graph for Home Value > This home...
Start working through Rental & Royalty Income (SCH E) "AS IF" you did not sell the property. One of the screens near the start will have a selection on it for "...