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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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‎February 28, 2022
12:41 PM