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Investors & landlords
The sale gain is reported on the first line of your screenshot, then any exclusion on the second line, and the total on Schedule D on the third line.
Once you report the rental sold in the Asset section under rentals, you don't need to report it again under Sale of Business Property. If you think that's what happened, here's How to Edit or Delete Sale of Business Property.
If you had stopped renting for a period before selling (to do repairs/improvements), then you would indicate in the rental section 'converted to personal property', and enter the sale under Sale of Business Property.
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‎April 14, 2025
4:58 PM