like for like ?

[Marcin G.]

I have purchased 3BR/2BA house in 4/2008 as a primary residence ( paid 255K). I have lived there for 2yrs did some improvements ..then I rented it out in 4/2010…and sold in 2/2013 (275K). I paid 6% in realtor commissions …yeah I know .."awesome deal"

What would be the best strategy from the tax perspective to report it in 2013 taxes. I am using turbo tax ..looks like its guiding me to report it under like for like exchange (no tax impact)…I did buy a rental for 30K..which is a 1BR condo in another state.

Shall I account for depreciation – I don’t see turbo tax does anything to add back depreciation I deducted when it was rental…welcome your comments