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June 6, 2019
Question

Sale of Rental after living in it for 2/5 years.

  • June 6, 2019
  • 1 reply
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I reported the sale of a rental property that I lived in as my main home for 2.5 years of the 5 on the date of sale. I expected those responses and my reporting of that to result in a form 4797 or schedule D and a recapture of past depreciation, but that did not occur. I have filed and need to know what (what fields need completing, etc., as I followed the help sections) to do to amend. I followed all the sections on help and it doesn't appear it was factored in properly.

1 reply

Employee
June 6, 2019

To report Sale of Rental Property:

Report the gain or loss on the sale of rental property on Form 4797, Sales of Business Property. Individuals typically use Schedule D (Form 1040), Capital Gains and Losses, together with Form 4797.

For further information, refer to:

tynoa22Author
June 6, 2019
I understand all that but need help with what section in turbo tax do I complete this information in to trigger these forms?