KrisD15
Expert Alumni

Investors & landlords

You may enter the rent income and expenses for the Schedule E, but do not list the sale there. 

 

Enter the sale of the home under 

Income

Less Common Income

Sale of Home

 

You will report the "other" use of the home and the depreciation taken in this section. The program will compute the Exception to Capital Gain while also taxing the depreciation recapture. 

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