You may enter Form 1099-S for a previous Rental Property as the Sale of Business Property under Other Business Situations of Federal Income.
Indicate that you have a sale of business or rental property that you haven't already reported.
Follow the interview to enter the details of the sale and the total depreciation you took on the property while it was rented. Before you leave that section, be sure you enter the Total Gross Proceeds reported on Form 1099-S. TurboTax will calculate the capital gain/loss and depreciation recapture to report on your tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
