If you have the property entered for rent in TurboTax, then go to that entry and pull up the building in the assets summary, and edit the asset. You will come to a screen that says "Tell us more about this Rental Asset", for which one of the choices is "The item was sold", so check that box.
Later in the routine, you will be asked for the sale information and whether you want to report the sale using the installment method. Say "Yes" to that question and you will be able to enter the pertinent installment sale information.
Otherwise, enter the sale in the "Installment Sales" section, that you will find under "Income and Expenses" and then "Less Common Income."
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
