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July 28, 2024
Question

How to enter sale of rental property I Built on vacant lot

  • July 28, 2024
  • 1 reply
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How to enter sale of rental property I Built on vacant lot that took 4 years to build.

do you enter the amount of the land acquired when bought or the total cost of land and all construction costs when completed, or when and if asset first rented? What are all the details of entering this info. into TurboTax Premier? Instructions are very hard to follow, would upgrade to Home and Business be of any help?

    1 reply

    Employee
    July 28, 2024

    When the property completed and ready for use as a rental?

     

    Did you ever rent the property or make it available for rent?