It appears that you used it as a rental, since you have an LLC. You would enter it in the rental section. If you used it for at least 2 out of 5 years, you can take the exclusion in this section as well. See the entry directions below. If you never used it for business, nor lived in it, follow these steps.
• Select Federal
• Select Wages and Income
• Select Show More at Investment Income
• Select Start or Revisit at Stocks, Mutual Funds , Bonds, Other
• Select No you did not get a 1099-B for this transaction
• Select Everything Else for type of Investment
Rental
- Search for rentals and then click the "Jump to" link in the search result.
- Answer Yes to the question Did you have any rental or royalty income and expenses?
- Follow the on-screen instructions as you proceed through the rental and royalties section.
