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March 19, 2025
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Homeowner exemption of $250k gain with renting out part of home

  • March 19, 2025
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Does TurboTax support/figure out homeowner exemption of $250k gain when selling home when I have been renting out part of home and taking depreciations etc.?

Best answer by DawnC

Yes.   When you enter the details of the sale, TurboTax will ask about prior depreciation and will take that into account when figuring your tax.  

1 reply

DawnC
DawnCAnswer
Employee
March 19, 2025

Yes.   When you enter the details of the sale, TurboTax will ask about prior depreciation and will take that into account when figuring your tax.  

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