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- How to I report in ProSeries the sale of a rental property with 50% personal occupancy for only the last 3 years of 10 years of ownership.
How to I report in ProSeries the sale of a rental property with 50% personal occupancy for only the last 3 years of 10 years of ownership.
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burchfieldcpas
Level 2
09-19-2022
09:15 AM
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Client owned a rental property for 10 years and has lived in it while still rented out 50% for the last 3 years. How do I report the sale of the property in 2021 in ProSeries? Thanking you advance for any guidance.
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dkh
Level 15
09-19-2022
09:27 AM
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I think you'd report on the Home Sale Worksheet but not completely confident since it was 50% rental and 50% principal residence. Complete Part III for the days it was rental and Part IV to recapture depreciation.
