ColeenD3
Expert Alumni

Investors & landlords

Since it was rented in 2019, you will have to enter that information in the Rental section to show the income and expenses. If you use the SBP section remember to include 2019 depreciation.

 

If you are not including everything as one asset sold, you will need to prorate the sales amount and sales expenses for each asset.

 

For example, since land is separate from the house, if sales price is 80% house and 20% land, the sales expense would be prorated the same.