An exclusion would not apply to rental property. It applies only to the sale of your home that you lived in for 24 months of the last five years.
The questions in TurboTax are whether you purchased the property and for the year of sale, most importantly, check the box that it was sold, retired, stolen, destroyed.....
Enter Date of sale
Continue to follow the step-by-step interview.
TurboTax will calculate the gain on the sale and the full amount of depreciation.
If you indicated you did live in this rental property as your main home, please provide additional details here and we will help further.
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