Thanks for your reply.
I have a couple more of related questions.
I just did a test on may last year's return where I said I sold my home as you instructed me to. I saw where it asked for the depreciation but after reviewing the finished return I did not see where it applied any depreciation recapture tax. I thought I would have to pay 25% of my depreciation that was taken.
Also, is there anything that needs to be done Rental Properties and Royalties section of Wages & Income. That is where I entered the rental income and depreciation?
Thanks!
