MarilynG1
Expert Alumni

Investors & landlords

If you sold a Rental Property in 2021, report this in the Rental Section (Property Profile and Assets/Depreciation sections).

 

Indicate that the property 'was rented all year' (up to sale date). 

 

The gain is calculated in the Rental Section; however, you may be able exclude all or part of it.  Continue through the section after entering sale info; TurboTax will ask questions about number of days used as 'other than primary home' after a certain date.

 

When I used a 2018 date as 'date started renting' to recreate your scenario, part of the gain was excluded. 

 

Click this link for info on How to Report Sale of Rental Property.

 

 

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