ThomasM125
Expert Alumni

Investors & landlords

You should go to the asset section and edit the house and indicate that you sold it, you will see this:

 

 

After that you will see an entry for the sale price.

 

The land can be significant since you can't depreciate it, so the gain on sale of it is taxed at favorable capital gains rates. But you can leave it blank, as it will not understate your tax, it would just increase it.

 

 

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