Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
P
PCTBT
February 8, 2022
Question

Am I eligible to file 45(2) election for my recent purchase of a condo with a rental lease?

  • February 8, 2022
  • 1 reply
  • 0 views

The purchase was completed in October 2021. I will move in to the condo as my principal residence after the tenant move out in May 2022. Am I eligible to file 45(2) election along with my 2021 Tax Return? In the Tax Return, do I need to fill in the condo address as the mailing/home address even thought it is renting out?

 

Also for change in use,  do I have to file any other form/election in May 2022?

 

Thanks!

    1 reply

    P
    PCTBTAuthor
    February 9, 2022

    Instead of filing 45(2) with my 2021 Tax Return, should I file 45(3) after I move in in May 2022.

    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification