Claim zero, because that is what you received for turning over the title to them. You received monthly payment from the tenant but that was for letting them live in the home for each month, while you paid for the taxes, insurance, repairs and make-ready on the rental homes that did not make it to the end of the rent credit program. Saying you sold it for a big $0.00 reflects the reality of the situation; you had an asset worth – what?, let’s say $6,000 – and now thanks to the brilliance of the rent credit program, you never got your $6,000 of capital back.
I am thinking of going one by one to my renters and telling them to buy or move out so I can put the home for sale on the market. I will make it so it will not cost them anything more then they are paying on the RCP, but I hate seeing the erosion of the capital I have in my POH stock due to the damn rent credit program.