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thomasjkientz
October 10, 2023
Solved

I just sold a rental proeprty that I have owned for 8 years. How do I estimate my tax basis and capital gain that I will have in 2023?

  • October 10, 2023
  • 1 reply
  • 0 views
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Best answer by Critter-3

Ok ... the tax basis is on the depreciation worksheet so if you have not been depreciating the property as you must do then you need to RUN to a local tax pro when filing the next year's return to get this error fixed correctly. 

1 reply

A
Anonymous_
Employee
October 10, 2023

If you have a desktop version of TurboTax you can do a what/if scenario.

Critter-3
Critter-3Answer
October 10, 2023

Ok ... the tax basis is on the depreciation worksheet so if you have not been depreciating the property as you must do then you need to RUN to a local tax pro when filing the next year's return to get this error fixed correctly. 

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