You'll need to sign in or create an account to connect with an expert.
on the capital asset sale worksheet if it is not and has never been a rental on which you took depreciation and it is not your principal residence.
if you took depreciation, then the sale will need to be reported through the worksheet where the depreciation was taken.
however, if it is your principal residence, then use the home sale worksheet.
To clarify, are these real estate gains on your own personal residence, rental property, or just investment property that you own?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
sherleymeg3
New Member
Mnhr777
Level 1
in [Event] MetLife + TurboTax | Ask the Experts About Your Taxes
Mnhr777
Level 1
TP221
New Member
dawynhuxley
New Member