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Investors & landlords
I am facing the same issue reported by Morrisecat. I recently sold a rental property that had previously been my primary residence. Since I had lived in the property for 2 of the last 5 years, I should qualify for the capital gains exclusion. When I work through the Sale of Property section under Business: Rental and Royalty, I'm eventually asked if I used the rental property as a personal residence. However, I'm not asked for the time that I lived in the property, and no exclusion is applied.
I'm using the Home & Business edition of TurboTax for MacOS. Any help would be greatly appreciated.
‎April 10, 2022
2:55 PM