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Deductions & credits
@rvr350 You can do form 593 using TurboTax and file it once it is ready along with your California tax return.
If you are asking about the non-qualified use ratio then @smittyboy is correct. In the case put forward above the ratio would be 5.3/9 or 59%. The exclusion (because @smittyboy was married) would then be 59% of 500,000 or $295,000 which was enough to wipe out @smittyboy's gain (even though they left the depreciation for the last four years out of their equation).
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March 2, 2022
7:55 PM