Hi,
I have the similar situation. I sold my primary home in April, 3. 2020 which I lived from 2008 to 2017 and rent out during 8/15/2017~2/15/2020. When at closing I told escrow company this sale was qualified for primary home sell but I still received 1099S. So when I started to file 2020 return with Premier, I selected " sold" this rental property in 2020. My total gain from the sell is $ 341,041 which is under 500K exclusion as join file. Somehow Premier only allow to exclude $315228, $26013 shows " Depreciation allowed or allowable" in Disposition report (f). Then Schedule D line 15 shows $26013 Net long-term capital gain, it's also in schedule D line 19 " Unrecaptured section 1250 Gain Worksheet" . It added in Form 1040 Line 7 "Capital Gain" . Would you be able to tell what went wrong? or the deprecation allowance during rental time must be separated from the total gain to be tax ? Thanks!
