Deductions & credits

The Rental section is set up to guide you through the sale. You will first set up the particulars of the property in Rental Property Info, then move to income and expenses and finally, under the Asset section, enter the specific information pertaining to the sale.

When you are entering all the information for the sale you will enter income on specific screens. The one below will ask for your cost.

You will also be asked about your sales price.

You will also be asked to confirm your depreciation based on the beginning and ending dates that you rented the property. The program takes this information and determines your gain or loss, if you rented in 2021 and entered your information in the Rental section.