You will enter the sale of the rental property following these steps in TurboTax:
- Search for rental property, then jump to rental property
- Fill in the information un til the screen: Tell us about the situation this year and pick sold or disposed of property
- At the screen What expenses and assets did you have for jones? Select Sold Rental property
- Continue with income and expense for 2020
Then search for sale of business property and enter the sale and the expenses of the sale.
You can e-file your return, but you must prepare and file Form 709 separately. TurboTax does not support Form 709.
IRS Form 709
