ejdtaxman
Level 7
04-13-2022
10:18 AM
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A client sold an investment property in 2021. There is a moderate gain.
Come to find out, he lived in the property from 2014 until 2018. Theoretically this should qualify him for the main home exclusion or at least a partial exclusion?
This was a rental after he moved out so it is an asset on schedule E. So normally I would just send it to 4797 but I have no idea how to split that with the home sale worksheet which is where I would normally generate the exclusion.
Is there any way to do this?
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