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Using the Turbo Tax Input Forms to correctly calculate the 2019 gain on sale of principal residence where the home has been used as a rental for years.

This is a question about using the Turbo Tax input forms.  I think I know how to calculate the gain but I don't see where the forms in Turbo Tax can calculate in correctly.  The forms don't ask the proper questions in order to correctly calculate the gain, the allocation of gain between non-qualified and qualified use, and the depreciation recapture.  thus I don't know how to put the information needed in the forms and get the correct answer.  Please help.  Thank you.

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Using the Turbo Tax Input Forms to correctly calculate the 2019 gain on sale of principal residence where the home has been used as a rental for years.

You should use Step-by-Step Mode, specifically enter the transaction as Sale of Home (gain or loss) in the Less Common Income section of the program.

 

If you are still having issues entering the figures, you can contact Support via the link below.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

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Using the Turbo Tax Input Forms to correctly calculate the 2019 gain on sale of principal residence where the home has been used as a rental for years.

You should use Step-by-Step Mode, specifically enter the transaction as Sale of Home (gain or loss) in the Less Common Income section of the program.

 

If you are still having issues entering the figures, you can contact Support via the link below.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

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