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Level 3
September 4, 2026
Question

how to enter the exclusion for rental property that is also principal rental

  • September 4, 2026
  • 1 reply
  • 39 views

Hi Everyone

My client sold her rental property it has four units. She lives in one unit and has for the last 30 years.

Not sure where to enter the exclusion in ProSeries for her unit this is her personal residence.

Please Advise.

 

Thank You

Barbara

 

    1 reply

    IRonMaN
    Level 15
    September 4, 2026

    Allocate the sales proceeds into two different sales - one for the rental property and one for the personal residence.

    Slava Ukraini!