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Level 5
June 7, 2023
Question

Entering Home Sale For Unique Moving Circumstance

  • June 7, 2023
  • 1 reply
  • 14 views

Taxpayer lived in their home as a primary residence from 2016 - 2019. In late 2019, they moved out and rented out the property, and then in the beginning of 2021 moved back into the property. 

The home was then sold for a gain in 2022.

I understand that a large portion of the gain is eligible for exclusion, however I want to ensure it is entered properly in ProSeries. Not sure how to add it with all of these dates and circumstances.

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1 reply

Level 15
June 7, 2023

Fill out the "Home Sale Wks", and you'll need to go to line 19 then check the box, enter the number of rental days and ownership days.