You can report the sale, in the rental section; but I think it goes smoother, in TurboTax, if you report it as home sale.
In TurboTax (TT), enter at:
- Federal Taxes tab
- Wages & Income
Scroll down to:
-Less Common Income
- Sale of Home
You will be asked if you had a period of non qualified use, such as rental. Answer No. The following appears on that screen: "Exceptions. A period of
nonqualified use does not include:
Any portion of the 5-year period ending on the
date of the sale or exchange after the last date you (or your spouse) use the
property as a main home". In TT, at
the page where it asks if you had any other use of the home it says:
"Note: if you used your home for reasons other than primary residence,
after it was no longer your primary residence, select 'no'''.
You will then be asked if you claimed any depreciation. Answer yes and enter the depreciation claimed while it was rented
