tccpg289
Level 4

Taxpayer is eligible for the home sale exclusion, but does indeed have depreciation associated with the property, therefore the depreciation needs to be added back as ordinary income.

What are the steps to ensure the gain is fully reported, excluded, transferred to the correct form (8949), and the depreciation is added back properly?

I believe it is all driven off of Sch. D, under the details section, but wanted to confirm.

0 Cheers
itonewbie
Level 15

Read this article for detailed instructions: https://proconnect.intuit.com/support/en-us/help-article/form-8949/reporting-sale-home-individual-re...

If you still have trouble after following these instructions, please come back with more info.

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