avahr
Returning Member

Business & farm

I reported it under "Sale of Business Property" and under Rental Properties and Royalties (Sch E). 

 

Under sale of business property it asks for gross proceeds that I don't know what it is. 

Under rental I check a box for sold property, and it then asks some questions. I answer to the questions that I only had it rented for a year but it still shows all the gain as income. Not sure where I am doing it wrong