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April 1, 2023
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I converted my primary residence to a rental property many years back but never categorized it as Residential Rental Real Estate

  • April 1, 2023
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I converted my primary residence to a rental property many years back but never categorized it as Residential Rental Real Estate.

 

What should I do at this point? Thank you!

    Best answer by jppsmitty

    Hi Sharon,

    My mistake, I worked my way through the turbo tax questions and when I got to the property assets it does list my property as an asset on the first line. Thank you for the quick response and have a great day!

    1 reply

    SharonD007
    April 1, 2023

    Please clarify if you entered the rental income on your tax returns when you converted your property to rental property.

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    jppsmittyAuthorAnswer
    April 1, 2023

    Hi Sharon,

    My mistake, I worked my way through the turbo tax questions and when I got to the property assets it does list my property as an asset on the first line. Thank you for the quick response and have a great day!