ColeenD3
Expert Alumni

Investors & landlords

The advice is correct. You do not fill out the Rental section if there is no rental use. Enter your information in Sale of Business Property. Look at your 2020 return for the amounts of the passive loss and the depreciation.

 

Steps:

 

1) Wages and Income

2) Other Business Situations

3) Sale of Business Property

4) Other Property Sales

5) Select Sales of Business or Rental Property that you haven't already reported