Yes, the sale of real estate previously used as a Rental Property is reported as the Sale of Business Property. You will need to know the amount of depreciation that was taken during the period you reported this as a rental property. (TurboTax will not calculate this for you.)
The easiest way to
find this section of TurboTax is to use the Search box at the top right side of
the TurboTax header. Click on the magnifying glass, type in "sale of business property",
hit Enter, and click on "jump to sale of business property" to go directly to beginning of
this topic.
Or go to My Account
>> Tools >> Topic Search. Type in "sale of business property", then click the
topic in the list to go directly to the start of this section.
At the start of this section, choose "Sales of business or rental property that you haven't already reported" (see screenshot below - click to enlarge). Then follow the prompts to enter the sale, basis, and other info for your property. Note that you cannot report a loss on this type of sale.
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