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They lived in it first, then it has been a rental property since. They fall within the exemption time frame to exempt the capital gains but the depreciation is not carrying over to Sch D. Should it?
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Where are you reporting it? Are you entering the sales information on the Asset Entry Worksheet in the rental section? Or are you filling out the Home Sale Worksheet? Or something else?
As a side note, it is not "recaptured" depreciation. The gain and resulting tax on the sale of real estate is called "Unrecaptured Section 1250 Gain".
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Have you entered the depreciation on Line 30 of the Home Sale Worksheet? Is Line 7 of that worksheet showing a Gain? It is working for me.
For future reference, you can enter the sales information on the rental's Asset Entry Worksheet, then "link" it to the Home Sale Worksheet (click the blank area next to the words).
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Yes.
But if you are asking how to make PS do it, you'll have to wait until a PS user wanders by.
Perhaps it's something that was working that got "broke" for this year. That happens, with regularity.
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