How do you determine the depreciation on rooms rented in one's home at the time of selling?

Forum|Forum|5 years ago
October 14, 2020
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IN FIGURING One's "PURCHASE EXPENSES OR deductions" on the sale of a home, how is depreciation calculated re: rental of rooms in one's home?

Critter-3

Level 15

Look at the depreciation worksheet for the accumulated depreciation taken on the room... save a PDF of the return with the worksheets to find this information.

Hal_Al

Level 15

Depreciation is not included IN FIGURING One's "PURCHASE EXPENSES OR deductions". It is a separate adjustment.

After entering your home sale, you'll be asked if there was any unqualified use. You'll be asked to enter any depreciation claimed, in the past. That comes from your own records. You'll usually find it on line 18 of Schedule E. TurboTax may have created a "Depreciation Report" worksheet showing your accumulated depreciation.