Thanks for the info. Appreciate it !. Total depreciation was about $30 K for the rental period. Just started working on the taxes and it appears we should enter the amount of depreciation from 1995 to 2000 ($30 K) "Decrease to Basis, Adjusted Basis of Home Sale Worksheet", line 10 - to decrease basis. Then enter amount from May 1997 to 2000 for recapture exclusion ($30 K- 8 K for earlier years =$22 K) Part IV Exclusion, line 30 on "Home Sale Worksheet". Since entire house was rented and renovated, probably doesn't make sense to try and separate. Do my assumptions on what and where to enter the data seem about right? Thanks in advance.
