Sold rental property that was my primary residence at one point

[corina11]

Hi,

I had a condo which I lived in for 4 yrs then rented for 8- sold at a loss. Do I still have to fill out the primary residence sale form (because it was my primary residence for a time before rental) or do I just go and fill out the capital gains/losses under Investments?

Thanks in advance!

Corina

[mohamed_96]

Thank you for your question.

Yes, you would have to report the sale of your primary residence on both the schedule 3 form (Capital Gains (or Losses)) and form T2091IND (Designation of a Property as a Principal Residence by an Individual).

To report the sale of your principal residence, follow these instructions:

1) Open your TurboTax return

2) Click on "find" at the top of the page and type in "Principal Residences"

3) Confirm you've sold your principal residence

4) Enter the information about the residence and the sale on the next page

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