turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

dp2nc
New Member

Where do I report recaptured depreciation on the sale of my main home?

In 2018 I sold my main home.  During the period when I owned the home, there were 2 yrs when I lived elsewhere, rented it out and took a depreciation deduction.  I know I need to recapture the depreciation but I do not know where to report it.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DanaB
Expert Alumni

Where do I report recaptured depreciation on the sale of my main home?

Please follow the instructions below on how to enter the sale and enter the depreciation taken:

  1. Click "Personal Income" on the top
  2. Click "I'll choose what to work on"
  3. Scroll down to “Less Common Income” and click "Start" next to "Sale of Home”
  4. Answer "Yes" to the question "Did you sell or have your home foreclosed in 2018?"
  5. Answer questions until you get to the question “Depreciation after May 6, 1997
  6. Enter the Depreciation Taken
  7. TurboTax will calculate the taxable gain.

View solution in original post

1 Reply
DanaB
Expert Alumni

Where do I report recaptured depreciation on the sale of my main home?

Please follow the instructions below on how to enter the sale and enter the depreciation taken:

  1. Click "Personal Income" on the top
  2. Click "I'll choose what to work on"
  3. Scroll down to “Less Common Income” and click "Start" next to "Sale of Home”
  4. Answer "Yes" to the question "Did you sell or have your home foreclosed in 2018?"
  5. Answer questions until you get to the question “Depreciation after May 6, 1997
  6. Enter the Depreciation Taken
  7. TurboTax will calculate the taxable gain.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies