Where in Turbotax Home & Business do I report the sale of commercial property that I had been getting rental income from? Schedule D, E, or Form 4797? There's a place at the bottom of the business income section for Less Common Business Situations, Sale of Business Property, but that's for installment sales where you get paid over two or more tax years.
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The Rental Properties and Royalties section.
In the Property Profile section, indicate that you sold the property and then, in the Sale of Assets/Depreciation section, check the box indicating that you sold the property.
The Rental Properties and Royalties section.
In the Property Profile section, indicate that you sold the property and then, in the Sale of Assets/Depreciation section, check the box indicating that you sold the property.
Thank you!
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