jtran
New Member

I sold my rental property for 40000.00 cost is 200,000 and occupied for 5 yrs before turn to rental property. How I report this sale?

Bought: 09/15/1999. Stayed in house until Oct/2006

Cost: $199,000.00

Placed for rental: Oct/2006

Sold: Oct 15,2016

Amount: $400,000.00