Hello, thank you for you help.
I have a second questions regarding my principle residence property. I have converted my principle residence to a rental property and know this is now a "deemed deposition" For the turbo tax page, can you let me know if the "Proceeds of deposition" is the "fair market value" and the "Adjusted Cost base" is the amount I purchased it in 2021. For the transfer, as I am renting it out, I should click "other" as I am not transferring to spouse. I have lived in my principle residence the whole time that I have owned it prior to renting it out.
Thanks for all your help.
