The sale of investment property is reported as Investment Income (Stocks, Cryptocurrency, Mutual Funds, Bonds, Other) under Wages & Income in the Federal Taxes section of TurboTax.
If you have reported this property as a rental in TurboTax this year, or any prior year, report the sale under Rental Properties and Royalties (Schedule E). This article provides step-by-step instructions: I sold my rental property. How do I report that?
If you have not previously recorded this rental property in TurboTax, you may report the sale under Business Items >> Sale of Business Property. This section will ask how the property was used in the past.
Click the blue "Learn More" links on the Income Summary page to view the transactions that are appropriate for each topic.
[edited 3/6/2024 | 1:44pm PST]
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