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sale of a primary residence that was a rental in the past, with prior depreciation and have unallowed passive income losses
I sold my primary home, a home I had lived in for 5 years. In the past I rented that home, and claimed depreciation and have unallowed passive income losses from that prior rental period. I assume I will need to account for them now that the home is sold. My question is not about the numbers themselves. Rather, how do I report this in Turbo Tax? One post I saw on this forum said to enter the house on Schedule E with both Fair Rental Days and Personal Use Days as 0. Can anyone confirm this is correct? Or, is there a better way?
Thanks in advance for your time and attention!
‎December 16, 2021
8:49 AM