2594989
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.

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.

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 Reply
KrisD15
Expert Alumni

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

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question