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Get your taxes done using TurboTax
Report it as a rental property for half the year. In the interview for the rental property, on the screen Do Any of These Situations Apply to This Property? mark the box I sold or disposed of this property in 2019. This will ensure that the depreciation calculates correctly.
Report the sale as an installment sale, even if you are not "making any money" off the sale. You are still receiving a portion of the purchase price each year.. To enter the installment sale, type installment sales in the search box at the top of the screen, Click on the Jump to installment sales link.
‎February 13, 2020
8:50 AM