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Investors & landlords
You are correct, the option to report the real estate sale as an installment is not in the "Rental Property" topic. Instead scroll down to "Other Business Situations" and use the "Sale of Business Property" topic. On the follow on page select the "Sale of real estate...two or more tax years..." option.
Reporting the property as sold/disposed in the "Rental" topic calculates the depreciation and allows for any prior losses that were unused.
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‎February 20, 2022
6:42 AM