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personal home, to rental less than 3 years, then sold

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Level 2

Client owned a personal home 12 years, then rented for less than 3 years then sold. How do I get Lacerte to accept sale as personal home w/ proportional gain and recaptured depreciation.

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Level 11
Level 11

I dont use Lacerte (ProSeries), ProSeries has a knowledge base article 

"Sale of a Rental That Qualifies for Home Sale Exclusion"

Sorry for the large text, I copied/pasted.........with this article is a walk-through of how to handle it. I would imagine Lacerte has something similar. 

 

Sorry could not post a link for you. Maybe someone familiar with Lacerte can help. 

 

G'luck!

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Level 11
Level 11

Good man, my friend!!