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Deductions & credits
For investment property, the sale gets reported in the Investments section. Under that, elect to start/update Stocks, Bonds, Mutual Funds, Other and go from there. However, if it was rental property, since you owned it more than a year, and assuming you actually rented it out, you report the sale in the Rental & Royalty Income section. Nothing concerning rental property gets reported on SCH C. Nothing. It's all SCH E.
‎June 3, 2019
5:28 PM