First they highly recommend you seek local professional guidance to make sure that you’ve done this correctly in the past and you do this correctly going forward. Hopefully you re-titled the rental property into the corporations name. If you did you now have to take it out of service on the corporation and probably need to retitle it back to your name. The sale will be reported on your personal return in the home sales section. I’m not sure If you can sell it off in the corporations name and then use it on your personal return. Not sure if the IRS will follow the bouncing ball. Again have a talk with a local professional possibly a real estate attorney that understands income taxes to get help with your situation.
