Report one hundred percent of the sale in the "Sale of Property/Depreciation" section, in the rental income and expense area of TurboTax. In that section, you will be asked to enter the depreciation taken on the property so it can be properly reported on the tax return.
In your situation, your gain, including the depreciation recapture, will be taxed at long term capital gain rates, which may be less than your ordinary tax rates. Be sure to enter all expenses associated with the sale of the property to minimize any taxable gain.
However, if you had used the property as your primary residence in two of the previous five years, you may be able to exclude a portion of the gain from taxation.
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