How to report sale of rental property I lived in 2 of previous 5 years in TurboTax
I am filing my taxes using TurboTax Home & Business and I'm filing later than normal specifically because of this issue that the TurboTax hotline has been unable to help with. This is probably the last year I try to do my taxes on my own...
My question is how do I avoid (ie: where do I enter it in TurboTax) the Capital Gains taxes on the sale of a personal property turned income property? I meet the requirements (lived in property 2 of last 5 years, well under the profit cap). I can enter the sale of the property (in "Less Common Business Situations") and it increases what I owe in taxes and I see nowhere to take this exemption...