Homeowner exemption of $250k gain with renting out part of home

susannawtang · ‎March 19, 2025

Does TurboTax support/figure out homeowner exemption of $250k gain when selling home when I have been renting out part of home and taking depreciations etc.?

DawnC · ‎March 19, 2025

Yes. When you enter the details of the sale, TurboTax will ask about prior depreciation and will take that into account when figuring your tax.

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

View solution in original post

DawnC · ‎March 19, 2025

Yes. When you enter the details of the sale, TurboTax will ask about prior depreciation and will take that into account when figuring your tax.

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

Expert does your taxes

Do it yourself

Resources

Support

Homeowner exemption of $250k gain with renting out part of home