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How report sale of rental property, where enter 1099-s?
I've spent at least an hour trying to figure this out without success, so thought I'd try here.
I did find one posting that tried to answer the question here: I sold my rental property. How do I report that? (intuit.com)
The instructions at that link state to check the "I sold or disposed of this property in 2021" box in order to accomplish the task. However if you click the "learn more" link next to that box the instructions state not to check the box if the disposition was to a related party which is the case for me (sold it to my daughter). So it's still a no go for me...
Also, another question to prove I'm a real novice and have been looking all over... It appears rental information can be entered in the "Investment Income" section, the "Rental Properties and Royalties" section, and the "Business Items (Sale of Business Property)" sections. How do I know which section I should be using?
Thank you in advance,
Rich