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Here is the full example and explanation on how to handle your sale of your rental and your personal home. Leave your answer of 'Yes' to Special Handling. Be sure to collect all depreciation amounts from both the house and the HVAC.   Home Sale with Rental and Home (assumes no home office expense)    When you enter the home sale in TurboTax it will ask for a couple of items that are needed to report the sale correctly.   The total depreciation expense that was allowed during the period it was available for rent. Check your prior tax returns for this figure from the rental. The number of days the property was available for rent during the ownership period. Results: The amount of depreciation that was allowed will be completely taxable up to the amount of gain received on the sale. The remaining gain if any, will be split between taxable and amount eligible for exclusion by using the following formula. The total days available for rent will be divided by the total days owned to determine the portion of the remaining amount of gain that is taxable for the rental period The balance will be eligible for the home sale exclusion TurboTax will do all the calculations based on your entry Steps to enter the Sale of Home in TurboTax: Wages and Income > Less Common Income > Sale of Home On the screen Primary use of home select 'Yes' Enter the number of days used as a rental (nonqualified use) Continue to Depreciation after May 6, 1997 > Enter the total depreciation for rental and home office in both boxes This will allow TurboTax to handle the sale with the correct amount of taxable gain and excluded home sale gain.    @Vinayaksant 

The sale of a PTP is a complicated entry that requires several forms and some manual calculations. See this article for a detailed explanation: How do I report the sale of Publicly Traded Partnerships (PTPs) or Master Limited Partnerships (MLPs) in TurboTax?   If you feel this is beyond your comfort zone, you might consider upgrading to TurboTax Experts. This online service provides step-by-step guidance from a tax expert whenever you need assistance.   @Lonestar 

You don't add depreciation for a rental property.  You set up the asset in the rental property section and the based on the information you enter, TurboTax will calculate and enter the depreciation.  There will be a depreciation schedule that prints for each property when you finish and print your return.    The enter a rental asset, such as a house, in TurboTax Online:   Navigate to the Wages and Income Summary page Scroll down and select Rental Properties and Royalties (Sch E)  Click on Add/Edit If you've already started your Rental, select the pencil icon for that property to edit, otherwise click on "Add another rental..." Click on the "Add expense or asset" button Check the box for "New rental property" under assets, scroll down and click Continue  Follow the step-by-step to set up your rental asset.

Thank you for the update and regarding a future enhancement to the form in TurboTax. The form does show in the Desktop version.    If you wanted to get the form to print even though it is otherwise not needed in your return, you could go back to the Underpayment Penalty interview and select the option to request a waiver of the penalty.    @cdd1960 

You did clarify the convention point, I would be filing as half year. I've never taken the standard mileage deduction as I didn't own the car its first work year. It's always let me do actual expense deductions...however this year it was asking me what I previously entered for depreciation, and the Turbotax site was giving me estimates of 0. I don't know where in my 2024 return I would find depreciation values.  The main point of confusion, is even going with their estimates of 0, I was then given 0 deduction from my 4 figures worth of vehicle expenses, as I have every year prior, which was producing an owed tax far greater than expected. I can see the expense figures I gave as I get to the depreciation portion of the expenses, but am I supposed to enter it elsewhere so I get those deductions? If I'm not getting mileage deduction, aren't I legally entitled to take those expense deductions? This is what's not seeming right to me, as I've always been able to do that to reduce my owed tax.

Since you purchased and sold the improvement in the same tax year, you would add that cost to your basis in the property. Simply increase your basis when you enter the sale information into TurboTax.   There is no benefit for adding the improvement to your Rental Property assets since no depreciation expense is allowed for an asset that is sold the same year it was purchased.   @mistymeadowsprop