In the Sale of Home section of the return. If you used the home office, and did not use the simplified home office deduction, then you must gather your information from your returns. Your 2021 return should show your accumulated depreciation used in all years.
Once you have that figure you can continue with the sale of your personal residence. When asked for the cost basis you will reduce that by the amount of depreciation used for your home office. As you go through the sale of home you will be asked for the depreciation.
Let's go step by step:
- Scroll to Less Common Income > Select Sale of Home (revisit or update)
- Continue to indicate you sold your home > Edit or add your home address and ownership > Continue
- Enter the sales date, Selling Price and Sales Expenses > Continue
- Enter the date acquired and the cost of the home (includes any capital improvements for the period of ownership
- Continue past the 'Less than two years' screen > Yes the home was not used for anything else > Continue
- Select No another home was sold after _____ date > Select Both of us owned the home > Continue
- Select Other reasons as the Reason for Sale > Select None of these for Other Reasons for Sale > Continue
- Select Yes for Depreciation After May 6, 1997 for both of you > Continue to answer the remaining questions.
@Hassan6
[Edited: 04/14/2022 | 12:32p PST]
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
