You enter the sale of your rental home in the rental section. If you have not previously entered your rental property in the program, you will need to set the house up from scratch and enter a profile. There will be two places to indicate the sale. Please see the screen shots below.
To enter the rental:
Go into your TurboTax return. Not
sure you're in there? Click on the orange Take me to my return button.
- Search for rentals and
then click the "Jump to" link in the search result.
- Answer Yes to the question Did you have
any rental or royalty income and expenses?
- Follow the
on-screen instructions as you proceed through the rental and royalties
section.
- We'll first
ask you to enter general information about your rental (description,
address, ownership percentage, etc.)
- Eventually,
you'll come to the Rental Summary screen
which is where you enter your:
- Rental
income
- Rental
expenses
- Capital
assets and depreciation
- Vehicle
expenses
