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Previous primary residence-then rental- fixed asset dispositions


Samantha

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Hello all,

I've ready some other threads on this topic and know my clients don't have "non-qualified use" so they are entitled to full primary residence gain exclusion (except for the depreciation recapture). What's such a BEAR is how to not only incorporate the Sale of Prim Residence worksheet on F8949 and the various Fixed Asset worksheets that are involved with the rental. I have assets entered (which were used as rental period) for land, building, garage building (because the garage started being a rental on a different date than main home- and was rented separately), as well as some furniture. To make the fixed assets "go away" for lack of a better term :) I have to enter the dispositions there as well as the Sale of Principal Residence worksheet with F8949. Am I just "forcing" the numbers on the Fixed Asset tabs to only equal a gain for the accumulated depreciation and then truly putting the "real numbers" and checking the math on the Form 8949? The other thread accurately stated I know how it's supposed to work out....but the SOFTWARE!!!!! Any help is much appreciated.

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