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Sale of a Rental Property using the 10 Year Suspension and 5 Year Test Period as a Military Retiree
In 2020 I sold a rental property that was my original primary residence while in the military. After many years of moving I decided to use the residence as part of my S-Corporation rental property. As a military retiree I decided to use the 10-Year Suspension and 5-Year Test period to claim the property as a primary residence. I understand that I must recoup the depreciation cost but I do not know where in Turbo Tax Business to state this information.
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‎September 16, 2021
1:05 PM