Single Family Home - Room Rental Basis?

[Yardley CPA]

Newer client rented a room in his home starting in 2014.  That year, HRB prepared his return and set-up a Schedule E.   Purchase price of the home was $220,000.  HRB shows rental basis of the room as 34,000, about $15% of the purchase price.  Client has now sold the home for $400,000.  What amount would be attributed to the "Rented Room?"  60,000  (400,000 x 15%)? 

[FDNY]

I was going to say form 8949 for sale of principal residence and use worksheet for depreciation but with sch E that won't work, so I think your calculation works.  Any land included?