Report the sale in the Sale of Business Property section. To navigate to the section:
- In your open return, select My Account
- Tools
- Topic Search
- Type 'sale of business property' in the box, then select GO
Enter basis, sales prices and other costs. You will need the prior accumulated depreciation taken for the rental property. TurboTax will not calculate this for you. Look to your 2015 depreciation report for the accumulated depreciation taken.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
