DavidS127
Expert Alumni

Investors & landlords

As mentioned by Community user Critter, more information will help provide a better response.

 

If this is a house you bought and never placed into service as a rental, and you are reporting the sale on your individual Form 1040, you can report it as the sale of an investment this way:

  1. Search for "1099b" and use the "Jump to 1099b" to enter the sale of your investment property.
  2. Click "Add more sales" and answer "No" to the question about if you will receive a 1099-B.
  3. For the "What type of investment did you sell" dropdown, choose "Everything else".
  4. For the "How did you receive this investment" dropdown, choose "Purchase". 
  5. Continue through the screens to enter the information for the sale of your investment property.
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