landlord14
Returning Member

Investors & landlords

Ok thanks I do see the questions about primary residence for at least 24 months. Also has a field to put in deprecation. The final gain is related to adjusted cost basis including improvements minus depreciation and such so my guess is if you declare the deprecation in the home sale guidance as asked you cover what the IRS requires. I did also have 1099-s issued when sold so it think I'm in compliance as far as reporting.