@Anonymous
Step 1 ... in the rental section convert the property & assets to personal use as of the date of sale.
Step 2 ... save a PDF of the return with the depreciation worksheet (online use Print Center under tools/ Forms mode in the download)
Step 3 ... enter the sale only in the home sale section where you will enter the depreciation taken
Enter your sale of your primary residence (which may require an upgrade in TurboTax), please follow these steps:
- Once you are in your tax return (for TurboTax Online sign-in, click Here), click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
- Next click on “Wages & Income” ("Personal Income" in TurboTax Home & Business)
- Next click on “I’ll choose what I work on”
- Scroll down the screen until to come to the section “Less Common Income”
- Choose “Sale of Home (gain or loss)” and select “start’
- You will want to use the "Easy Guide" to determine the adjusted basis on this home
