PatriciaV
Expert Alumni

Deductions & credits

@kql

It depends where you entered the sale. You need to return to the same section of TurboTax in order to edit a sale you've already entered.

 

If you are looking under Rental Properties and Royalties >> Assets and there is no sale information reported for the main asset of your Rental Property, try Other Business Situations >> Sale of Business Property.

 

  1. In most cases, you will go to Assets for the Rental Property, then Edit the main residence.
  2. On the page "Tell Us More About This Rental Asset," you should have checked the box that it was sold and entered the date of the sale. If this isn't already entered, then you have not reported a sale for this asset.
  3. TurboTax will present a page for the Sale Information, basically Sales Price and Sales Expenses. You can change either amount.
  4. Continue back to the Rental Summary page to save your changes.

 

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