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9bennyc
New Member

Where does Turbo Tax Premier calculate the depreciation recapture on a rental property sold that qualified for Exclusion of Gain? How do I trigger the calculation?

I moved out of my former primary residence 3 years ago when I purchased a new primary residence.  I rented the former primary residence for 2.5 years and then sold it. I qualify for the exclusion of Gain since I lived in my former primary residence for more than 2 of the last 5 years.  I entered this transaction as a Sale of a Home (gain or loss). Under my rental property, I entered the sale/disposition date.  Turbo Tax is properly excluding the Capital Gain and the rental property is properly being depreciated up to the sale date but I cannot find the depreciation recapture in any of the calculation or forms.  Do I need to do anything in Turbo Tax to trigger the calculation or do I have to do this manually in a form? I have been using Turbo tax for a while so all my depreciation information should be in Turbo tax.  Either way, I would appreciate your guidance on how to get Turbo Tax to calculate it.

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1 Reply
Anita01
New Member

Where does Turbo Tax Premier calculate the depreciation recapture on a rental property sold that qualified for Exclusion of Gain? How do I trigger the calculation?

You don't report this at all as Sale of Home.  You simply report the sale in the rental interview.  You'll be asked if the house was ever a primary residence there.

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