Follow these steps to report the sale of your rental property on your tax return in TurboTax:
- Open or continue your return - Be sure you are logged in for link below to work:
- Navigate to the rentals section:
- TurboTax Online/Mobile: Go to rentals.
- TurboTax Desktop: Select Search Topics. Search for and select rentals.
- Answer Yes to the question Did you have any income from rentals or royalties?
- Follow the on-screen instructions. We'll ask you to report the sale when you get to the Expenses/Assets (Depreciation) section, along with any other pertinent info (like income and expenses).
