AmyC
Expert Alumni

Get your taxes done using TurboTax

Line 7 of the 1040 is from your sch D. You need your 1099-S to enter the sales price.

 

As a rental, you already have the house and assets listed with the date in service, cost, and depreciation. Just dispose of each item.

 

If this is your first time using the software, you will need to enter the rental house information using your Sch E and asset depreciation schedules from last year.

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