@Anonymous_ wrote:
@Opus 17 wrote:
What do you mean "pass on the gain"? Do you mean a section 1031 exchange?
@BGS2 means pass on using the home sale exclusion for the rental property that still qualifies for that exclusion.
@BGS2 plans to sell their current primary residence within the next six months and wants to use the home sale exclusion for that house, not the rental property.
OK, well in that case they just need someone more familiar with that area of the program. If you are entering the sale of a personal home in the schedule D interview, there is a question about whether you want to use the exclusion, and you can turn it down even if you qualify. I would assume the same option exists in the schedule E interview, but I have not used that section of the program so I don't know where the option is.
