TaxGuy21
Level 1

Hey all,

I have a client who qualifies for section 121 as she sold her rental home (she owned for 10 years and converted to rental the last three. 

I am not sure how to show this in the system as I have been getting conflicting info from other pros.

I have a sale of home worksheet and a schedule E for rental side of it.

i was told i would need to use form 4797 as well to show depreciation recapture but i am not quite sure how to do that without inputting all information again and it feels as if I'm creating a duplicate of the property.

Thanks in advance for your time.

 

 

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