how to report on Proseries a sold rental home which qualifies as a principal residence also.

[GiGi1160]

How do I fill in form 4797 so it only gives me a capital gain on the depreciation portion?

[IRonMaN]

Go to the home sale worksheet

[Just-Lisa-Now-]

On the asset entry worksheet, right below the disposal section, you can Link it to the Home sale Worksheet so that the 121 exclusion can be applied.

[GiGi1160]

What about the depreciation I already took when the property was rented, where & how do I report that?

Thanks

[sjrcpa]

If you follow Jeff and Lisa's instructions the software should calculate it.

[GiGi1160]

Thanks for responding. this part I know but how do I report the depreciation as capital gain that I took when I rented the place during a few years? How and where do I report that?

Thanks

[qbteachmt]

I googled:

home sale proseries

and got this help article:

https://accountants.intuit.com/support/en-us/help-article/form-8949/entering-home-sale-exclusion-pro...