Please give more details, as the lack of clarity on my end allows for 3 possibilities.
By "parcel" do you mean a lot? Or do you mean something the size of several football fields that you sold to a developer who's going to make it a part of a housing project they are planning?
"this property is a rental"
So you sold a rental property? If you sold a "parcel" that indicates raw land with nothing on it but trees maybe. Reporting the sale of raw land is done differently than reporting the sale of rental property.
If there is a structure on this parcel that you sold, who was the last person to move out of that structure before you sold it? You? Or a tenant you were collecting rent from? Exactly when did that tenant move out? some month of 2016? 5 years ago and the house has sat empty since? Maybe the tenant was still living in it on the day you closed on the sale?
I'm also curious how you sold a parcel *AS* a subdivision. Did you sell only a part of a lot that you own?
