DMarkM1
Employee Tax Expert

Investors & landlords

In this forum we can't see your return.  Your best option is to use a "Live" version of TurboTax to have someone go through the entries with you.

 

In the top right hand corner of your TurboTax page you should see a tab "Live Tax Advice".

 

However, if wish you can do this. Here is a link to help and a couple of notes to keep in mind as you tackle this.  

 

Did you live in the home for two of the five years prior to the sale?  You may be eligible for an exclusion.  

 

Whether or not you have taken depreciation, when you sell the rental any depreciation you "could have taken" has to be accounted for as gain.

 

  

 

 

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