ColeenD3
Expert Alumni

Deductions & credits

Follow the interview and answer the questions. The program will make the accurate calculations and apply the information to the proper form.

 

If you rented it in 2020, include the sale in the Rental section. If you did not, enter it in Sale of Business Property.

 

1) Wages and Income

2) Other Business Situations

3) Sale of Business Property

4) Other Property Sales

5) Select Sales of Business or Rental Property that you haven't already reported

6)Choose No to the question, "Do all of the following apply to the property you sold?".

7)Choose Yes to the following screen that asks, "Do any of the following descriptions apply to the items you sold?".

8)Select the type of property from the drop down box.

9)Enter the information for your sale.