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Tax help for military filers
I sold a house that we rented out after having to move for the military.
Lived in it for 5 years, then rented it for 6. We are exempt for the capital gain, but have to pay a percentage of the dep. I took the house out of service and followed directions from this thread about putting it back to personal use, but I am not seeing anywhere in Turbo Tax that makes these steps go easier. I went to assets and followed the directions there, but if anything it increased what I owe.
March 2, 2022
10:59 AM