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Where in TurboTax do I enter the sale of a vacation rental condo in Hawaii?
I owned the property for 10 years. I vacationed there every year for less than 10% of the time it was occupied by short term rentals. I live in another state. I operated it as a rental business with income reported on Schedule E, appropriately adjusted for the number of days it was owner occupied. Each year I got a partial credit for depreciation. Now that it has been sold is there a special IRS Form for this situation, or do I report my capital gain in Schedule D, or do I report it under the Sale of a Home section in Turbotax?
‎February 28, 2021
3:33 PM