Here are the steps to record rental income and expenses and sale of the rental for a loss :
- Sign in to your account and select Pick up where you left off
- At the right upper corner, in the search box, type in schedule e and Enter
- Select Jump to schedule e
- On the next screen, Income from Rentals or Royalty Property You Own, answer Yes to Did you have any rental or royalty income and expenses in 2016 for property you own?
- Follow prompts
- On-screen, Do Any of These Situations Apply to This Property? check I sold or disposed of this property in 2019. Continue through ...
- On the screen, Your Rental Summary, select Start at the sections where you need to enter information. At
- Sale of Property / Depreciation, select Start
- Follow prompts
- On-screen, Depreciation for Your Rental Property, select Yes and follow prompts
- On-screen, Describe This Asset, select Rental Real Estate Property and Continue, follow prompts
- On-screen, Tell Us About This Rental Asset, enter information and select Continue
- On-screen, Tell Us About This Rental Asset, enter information.
