Mandhi,

Thank you for your question.

That is correct, the depreciation while the home was a business would be what is recaptured.  And that would be captured as ordinary gain.   

Typically any gain after that could be excluded with the section 121 exclusion from sale of home.   Be sure that the inputs for the sale of home are entered on the asset input screen.   The article below provides more detailed instructions.   

https://proconnect.intuit.com/community/form-8949/help/reporting-a-sale-of-home-on-an-individual-ret...

If the depreciation looks too large, you may have a bulk sale.  The combination of all the assets depreciation would show on the 4797.

If you're still having problems, please contact our support so they can see the actual return and amounts you are seeing.

You can choose Live Chat from the left hand navigation  pane in the PTO program.   Or call at 1-800-200-7599.

Regards,

Patrick Carroll