I had a rental that I put up for sale at the end of 2019. The property finally sold and closed in July of 2020. During the entire year of 2020 until the property sold it was vacant and we did not attempt to rent the property for all of 2020.
I'm having trouble understanding how I am supposed to report this in Turbo Tax. When I go to the rental section and mark that I sold a rental property you are asked how many days you rented the property for 2020 and how many days it was used for personal use which was 0 for both. Under that section you are given a check box that basically states that you did not attempt to rent the property at all for the year which is correct in my case. Once you check the box it tells you that you need to delete it as a rental property since we didn't rent it for 2020, but how do I report the sale of the property. The only other section I found was if I were to report it as the sale of a 2nd home which I'm not sure if that would apply in this situation. Can anyone help me with this?
