tccpg289
Level 4
04-02-2023
02:23 PM
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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.
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itonewbie
Level 15
04-02-2023
03:18 PM
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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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