I have the exact same scenario/question. In my case i am now divorced, so the reason the condo (non residence) was sold is we had to split assets. To make matters worse, we owned the condo to provide housing for my mother-in-law so we didn't even collect rent. From my perspective all the costs associated with the owning of this condo should be subtracted from the so called profits. Turbotax is useless for situations like this, unfortunately it looks like we are going to need to hire an accountant to sort it.
