I purchased a premire Turbo Tax 2015 and sold my rental property. However, I couldn't find a entry to put for example,
Sold my house gross $406,000. Loan amount was $200,000. Purchased property @ $345,000. So, bottom line is that I only gained ~$39,000. In the Form 4797, it said my total gain ~$200,000. But in reality I didn't gain that much. Where do I enter the loan amount so a net gain will be ~$39,000?
