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Get your taxes done using TurboTax
Thank you for your thorough response. When I got to this point, I was indeed interested in TurboTax Live for the reason you mentioned, but I cannot find a way to upgrade from the download version of Premier that I use each year, to TurboTax Live. Maybe I'll ask that question on another thread.
#1 & 3) I have changed my land/improvement proportions to match the percentages that I used when I put the rental into service in 2011. That and changing my costs to only the $11K I paid at closing caused the refund calculator to swing -$14,293 the other way. The Results screen now says I have a disposition gain of $67,687. All told I only had $42,000 profit on the sale of home from when I bought it, and I had $29K in depreciation over the ten years it was in service. Isn't the depreciation treated as ordinary income? I'm surprised the disposition, and hence the tax swing, is this large.
#2) The hyperlink on the Special Handling Required screen for the business use percentage merely states that "If the business use percentage varied over the life of the asset, the program cannot automatically compute the sale information. While I agree it seems that converting the home from personal use to a rental would make this apply, other threads I read on this type of question stated that if the business use was 100% after converting to a rental, you would answer "no" to this screen. In any case, if I answer yes, I can't get any farther to input sale numbers, so I don't know what the alternative is.
#4) How do you report separate assets as "disposed of" without a sales price?