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Tax Year Prior to 2020: Sold Rental Property that used to be my home
So I'm using Turbo Tax to do my taxes, but it doesn't appear to be working right.
I'm in Business Income & Expenses
Rental Properties & Royalties
I hit edit on my property
Go to Sale of Property / Depreciation
Edit the asset that is my property
Click that I sold it
and once I get to Special Handling, click yes
Now it just goes to depreciation amount and there's no where to calculate my capital gains.
Am I doing this right?
FYI
Property Purchased for 69500
Sold for 65000
Resided in it for 6 Years
Rented for 11
I think I had around 20K in depreciation over the rental time
ā€ˇFebruary 9, 2020
6:55 PM