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Level 1
posted Mar 17, 2022 8:12:25 PM

Confused as to where to report personal use with sale of my rental home

How do I report the personal use portion of selling my rental home that I previously lived in? I do not qualify for the capital gains exclusion. I rented it out for the last 8 years and lived in it for 18 yrs. before that.

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1 Replies
Expert Alumni
Mar 18, 2022 5:30:19 AM

If you were depreciating the house as two separate rentals or two assets of the same rental unit, allocate the selling price as a ratio of the space. In other words, if you rented half and had lived in half, split the selling price 50-50.