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How do I report the sale of rental property I lived in 2 of last 5 years for 2018 tax year

I bought my previous home on 06/2012 and lived there until 08/2016.  I then rent it out from 02/2017 to 02/2018 and sold it on 04/2018.  Do I owe tax for the sale?  I tried to file tax using TurboTax 2018 and I was very confused by the software.  Would someone please guide me through the process? 

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2 Replies
TomK
Expert Alumni

How do I report the sale of rental property I lived in 2 of last 5 years for 2018 tax year

Please read this TurboTax FAQ for information on "I sold my rental property. How do I report that?": I sold my rental property. How do I report that?

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How do I report the sale of rental property I lived in 2 of last 5 years for 2018 tax year

Thanks for the answer.  Since it was my primary residence for two of the past five year before I sold it, I should be able to use the gain exclusion.  Where in turbotax can I enter that information? I was in the Sale of Property/Depreciation section and it only gives me an option for reporting sale in installment.  I was completely lost in that section as it asked for many details and keywords that I didn't understand at all.

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