Then select 'Sales of business or rental property you haven't already reported.
Wrong ... do NOT use that section of the program. You should have already reported the sale back in the Sch E section.
but you should have already reported the sale in the Sch E section ....
In the Sch E section you will indicate you disposed of the property and then continue into the ASSET section and sell off all of the assets. Hopefully you have been depreciating the property all these years ... if you have not then you will need professional assistance to correct that mistake.
