I purchased my primary residence in May 2018. I converted it to a rental property in August 2020. In August 2024 I sold the property. How do I report this using turbotax?

[maxjparker]

Since this was my primary for more than 2 years and 1 of the past 5 can I exclude capital gains? I barely made anything off of the sale. Mainly I'm struggling with how to properly file this using turbotax.

[MindyB]

No.  You need to have used the home as your primary residence for at least 2 years out of the 5 years prior to the sale. Since you only lived in it for 1 year, you will fail the test. See: Qualifying for the exclusion

You will indicate the property was sold in the rental section, and the gain will be reported on your tax return.  See: I sold my rental property. How do I report that?