topic I have sold my house and I rented it out for 4 of the 12 years I lived there how do capital gains work - the house price significantly increased after I moved back in? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-gains/01/3422047#M117104 I cannot seem to find online how to fill in the appropriate forms - I do not want to pay more capital gains than required and should not have to pay for any of the years I have lived there but it is not clear Tue, 03 Feb 2026 06:26:00 GMT kristen-vaccher 2026-02-03T06:26:00Z I have sold my house and I rented it out for 4 of the 12 years I lived there how do capital gains work - the house price significantly increased after I moved back in? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-gains/01/3422047#M117104 I cannot seem to find online how to fill in the appropriate forms - I do not want to pay more capital gains than required and should not have to pay for any of the years I have lived there but it is not clear Tue, 03 Feb 2026 06:26:00 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-gains/01/3422047#M117104 kristen-vaccher 2026-02-03T06:26:00Z Re: I have sold my house and I rented it out for 4 of the 12 years I lived there how do capital gains work - the house price significantly increased after I moved back in? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-gains/01/3422273#M117111 <P>Are you saying the home was your Principal Residence AFTER it was a rental property?</P><P>&nbsp;</P><P>If so, you'll have "Nonqualified Use".&nbsp; When you are entering the sale of the home in TurboTax, it has a question that asks about it (the question should also mention something about 2008).&nbsp; Read it very carefully.&nbsp; You will enter the number of days you owned the home and the number of days it was your Principal Residence.</P><P>&nbsp;</P><P>The Principal Residence exclusion will be prorated.&nbsp; Roughly 1/3 (4/12ths) of the profit can't be excluded, plus you'll pay tax on the gain due to the depreciation that you were eligible to take.</P> Thu, 16 Jan 2025 20:42:05 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-gains/01/3422273#M117111 AmeliesUncle 2025-01-16T20:42:05Z Re: I have sold my house and I rented it out for 4 of the 12 years I lived there how do capital gains work - the house price significantly increased after I moved back in? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-gains/01/3422344#M117115 <P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/729456">@AmeliesUncle</a>&nbsp;It was my principal residence before and after we rented it. Also is this for Canadian tax law? Also for the year we moved back it actually went lower than the price we bought it for does that matter?</P> Thu, 16 Jan 2025 21:43:47 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-gains/01/3422344#M117115 kristen-vaccher 2025-01-16T21:43:47Z Re: I have sold my house and I rented it out for 4 of the 12 years I lived there how do capital gains work - the house price significantly increased after I moved back in? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-gains/01/3422589#M117125 <P>No, this is the US TurboTax forum.&nbsp; If you are preparing a Canadian tax return, you'll need to go to the Canadian forum.</P> Fri, 17 Jan 2025 01:59:02 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-gains/01/3422589#M117125 AmeliesUncle 2025-01-17T01:59:02Z Re: I have sold my house and I rented it out for 4 of the 12 years I lived there how do capital g... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-g/01/3423429#M117162 <P><SPAN style="background: var(--ck-color-mention-background); color: var(--ck-color-mention-text);"><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5652180">@kristen-vaccher</a></SPAN> Are you using TurboTax Canada Online or TurboTax Canada Desktop?</P> Fri, 17 Jan 2025 22:43:00 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-have-sold-my-house-and-i-rented-it-out-for-4-of-the-12-years-i-lived-there-how-do-capital-g/01/3423429#M117162 TurboTax_Susan 2025-01-17T22:43:00Z