If the property ewas rented in 2018, enter all your information in the Rental section. There are two screens on which you will need to indicate the sale. See the screenshots below.
If it was not rented in 2018, you will need to enter it under sale of main home. There, you can recapture your depreciation.
- Once you are in your tax
return (for TurboTax Online sign-in, click Here), click on the “Federal
Taxes” tab ("Personal" tab in TurboTax Home & Business)
- Next click on “Wages &
Income” ("Personal Income" in TurboTax Home & Business)
- Next click on “I’ll choose
what I work on”
- Scroll down the screen until
to come to the section “Less Common Income”
- Choose “Sale of Home (gain or
loss)” and select “start’
- You will want to use the
"Easy Guide" to determine the adjusted basis on this home
Say "yes" that you sold your main home and
TurboTax will guide you on entering this information
[Edited
3/19/2019 [1:45PM]
