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jotapaga
New Member

Should I enter on Schedule e?

Regarding loss in sale of rental property; on Schedule E, asset entry worksheet, line 21, do I enter the amount we received after paying off the mortgage ($28500) or the actual sale amount? Cost Basis $185000, sold $165000?

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‎June 1, 2019 9:11 AM
last updated ‎June 01, 2019 9:11 AM
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Coleen3
Intuit Alumni

Should I enter on Schedule e?

You would enter the actual sales price. The mortgage payoff has nothing to do with capital gains or losses.

‎June 1, 2019 9:11 AM
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