Yes, you would record the sale of your rental in the Rental Properties section of TurboTax. All the information from the previous years (loss carryovers, depreciation, etc.) would be reflected in the sale.
Please see the following TurboTax FAQ:
https://ttlc.intuit.com/replies/3388350
Per IRS
Publication 527 Chapter 1 page 4 Vacant while listed for sale.
- If you sell
property you held for rental purposes, you can
deduct the ordinary and necessary expenses
for managing, conserving, or maintaining the
property until it is sold.
- If the property is not held
out and available for rent while listed for sale,
the expenses are not deductible rental expenses
Additional information:
2015 Publication 544 - IRS.gov (Note: 2016 was not available at the time of this posting.)
