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Inputting data for 1099-S for dual purpose property
Sold main home which was used partially for rental income and I've filed 4 years of tax returns accordingly, including with depreciation on the dwelling that was used as a rental. (I do meet the requirements for exclusion of the first $250K of capital gains.) I've already have worked through all worksheets contained in IRS Pub 523 (whew). I have Turbotax Premer (online). I know I must split out the portion of capital gains attributable to the rental portion of the property. QUESTION: Do I input in the section for Sale of Home AND the section for Sale of business?
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‎April 2, 2022
5:51 PM