AnnetteB6
Employee Tax Expert

Investors & landlords

Use the following steps to go to the section where you will indicate that the property was sold:

  • Starting from the Rental Properties and Royalties selection under income, choose Update or Review to get to the details about your rental.
  • Proceed to the Rental and Royalty Summary page, then Edit your rental property.
  • Proceed through the questions until you reach the Review Your ___ Rental Summary page, then Start or Update the Assets/Depreciation section.
  • Answer Yes to go to your Assets Summary
  • Select Edit beside the property itself
  • Continue through the questions until you reach the screen titled, 'Tell Us More About This Rental Asset'
  • Check the box labeled This item was sold, retired, stolen... to start the process of reporting the sale

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"