Investors & landlords

DaveF1006, if I understand your correctly, your advise is to report the sale of a rental property under Rental Properties and Royalties, even if it was not rented in 2019 as long as it was rented in the past. My confusion is that is  exact oppisite of what ColleenD3 (also a TT tax expert) says in this same thread (read from the beginning as it is a couple of replies down). I have also contacted TT and did a screen share with a CPA who wasn't exactly sure either (for the reason in the next paragraph). The problem is the multiple answers from TT tax experts contradict each other. How do I know who is right (p.s. IRS was no help either).

 

Another thing to consider is that the Rental Properies and Royalties section has a check box if the property was not rented or listed for rent during the year. If you check that, TT deletes the rental property. If you don't check the box, it leaves the property but you aren't answering the questions properly.