Yes. Here are a few steps that might help resolve the issue:
- Uncheck the "Sold or Disposed of This Property" Box: In the rental section, make sure you do not check the box that says you sold or disposed of the property. Instead, report the sale under the rental asset section.
- Delete the Home Sale Worksheet: If the software is still linking the sale incorrectly, go to Tax Tools > Tools > Delete a Form and remove the Home Sale Worksheet from your return. if in the software, go to the forms mode and delete the sale from there.
- Ensure Proper Reporting of the Sale: The sale should be reported under the rental asset section, not as a personal home sale. When entering the sale, make sure to answer "No" to Special Handling and follow the prompts to correctly allocate depreciation and capital gains.
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