Since you did not rent at all in 2020, you would not have a Schedule E for 2021. You would report your sale in Sale of Business Property. You can't deduct expenses for a property that is not held out for rent. If you had major improvements, they would be added to the basis.
Vacant while listed for sale. If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses.
To report the sale, follow these steps.
1) Wages and Income
2) Other Business Situations
3) Sale of Business Property
4) Other Property Sales
