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Rental Property Sale
I have been searching through all previous answers but cannot seem to find what I need, so sorry if this has been covered before. We purchased our rental in 2008, renters moved out in October 2019 but could not find a buyer until August 2020, depreciation was about 70,000. I managed to handle that however, we purchased for 332,000 and sold for 250,000 so we ended up with a loss. My question is where can I actually enter these figures, turbo tax does not seem to automatically compute or lead to the correct form. Thank you. I already had to start over as I made the mistake of saying I had not rented for all of 2020 so TT deleted everything!
May 14, 2021
2:10 PM