ColeenD3
Expert Alumni

Investors & landlords

@scirving

 

If you have no rental income, the Schedule E does delete. You would then need to enter the sale in Sale of Business Property. You will need your prior year depreciation worksheet and Form 8582 if applicable.

 

1) Wages and Income

2) Other Business Situations

3) Sale of Business Property

4) Other Property Sales

5) Select Sales of Business or Rental Property that you haven't already reported

6)Choose No to the question, "Do all of the following apply to the property you sold?".

7)Choose Yes to the following screen that asks, "Do any of the following descriptions apply to the items you sold?".

8)Select the type of property from the drop down box.

9)Enter the information for your sale.