re: taxpayers sold a home that was a rental property for a period of time but they qualify tor the 500K home exclusion for the 5-year period.
I know I have done this before but am thinking Pro Series must have changed the input forms. The current home sale worksheets show them qualifying for the 500k exclusion and has the depr recapture amoiunt correct. However, it is also generating a 4797 and capital gain for their gain. I have called Intuit three times and have been cut off/hung up on twice. This morning after 2 hours and 17 minutes and the agent relaying the information to an "expert", I still have not resolved the issue. Got cut off again and no one called me back. Anyone know the right input forms to use? Thanks.
Well, I didn't have it linked and that was part of the problem so thanks for that. The number of qualified days was blank so that was ok. The other problem was the program picked up the date I had in the asset worksheet when it became a rental rather than the date they bot the property. So when I entered that in the asset worksheet, that accepted the exclusion. Thanks for guiding me to the solution..