Thank you, Diane. Yes, I understand that depreciation recapture is taxable. But I cannot separately enter depreciation recapture from Schedule E rental from the year of sale and the year prior to sale and depreciation recapture from Schedule C (form 8829 line 42) from many years prior to use as a rental. There is no way for me to do this in TT without erroneously categorizing my rental as nonqualified use, per the tax rules cited above.
Please advise on how I can get depreciation recapture from 2024-2025 Schedule E rental *and* depreciation recapture from 2018-2023 home office deduction onto section III of form 4797 so that I can be correctly taxed on it.
Note that I already have the depreciation totals calculated. What I am missing is a way to enter those totals in TT's interview schedule in a way that it recognizes.
I have put over 40 hours of work into trying to get TT's interface to work with this set of tax facts. I have spoken to over a dozen tax experts. If you can help me resolve, I would be incredibly grateful.
