Ysg
Level 2

Investors & landlords

@DianeW777 

I see. I previously wrote "Home Sale Worksheet Line 36 is subtracting Line 35 from Line 31. Instead, according to the IRS Worksheet 3 Pub.523, Line 35 should be subtracted from Line 7. "

Regardless of the above discrepancy the full exclusion still applies in the result of both ways of calculating on line 37.

 

Another thing is: why doesn't the depreciation previously entered on the Home Adj Basis worksheet automatically carry over to the Home Sale Worksheet, instead of the user having to input it twice?

Thank you very much for the detailed explanation by the way 🙂