arinrhart
New Member

Investors & landlords

I should not have to report any gain on the sale in 2021 (except for recapturing the accumulated depreciation) because I meet the ownership and use qualifications for excluding the gain from sale of a principal residence. 

For 2020, I know what I need to claim; I just need to know how to make TurboTax show the correct amounts on my schedule E. I believe I was able to get it to calculate the depreciation correctly by putting in the listing date as a "disposition" date for the Asset under the Rental Property Info.  To keep it simple on the other annual expenses, do I just need to calculate and enter 11/12ths of the expenses myself?