Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- How do you record sale of residence that was a rental property in ProSeries
How do you record sale of residence that was a rental property in ProSeries
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
DWH2021
Level 1
02-05-2021
03:49 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
How do you record sale of residence that was a rental property in ProSeries. The property was a rental the first 3 years and a residence over the last 3.5 years.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
TaxGuyBill
Level 15
02-05-2021
03:56 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Enter it on the "Home Sale Worksheet".
Read through it carefully. You will need to enter the depreciation, as well as then number of days of ownership and number of days it was the Principal Residence (due to "Nonqualified Use" during the rental period, the home sale exclusion will only cover part of the gain).
