Sold condo bought for daughter to live in when she went to college and rented 1 room in the past. How to enter it into Turbo Tax?

[jlescudero]

My daughter lived in the condo the entire time I owned it. For a few years she had a roommate that paid rent at the going rate. I reported the rental on my taxes, including partial depreciation of the property. She has not had a roommate for several years. I sold the property in 2017. How do I report the condo sale in Turbo Tax?

[Coleen3 · Accepted solution]

It will have to be reported in Sales of Business Property so that you can recapture and pay tax on the depreciation. It is apart from the rental, a second home. The amount of time your daughter lived there does not qualify for any special treatment.