If it was a rental in 2021, you would enter all your information in the rental section. The sale is reported there as well.
- The first entry for the sale is found during the set-up of the property: Tell us about your situation this year/Click Sold or disposed of property.
Next, the asset section of expenses will already be checked:
*Assets
*Sold rental property
Includes info on the property you sold or disposed of. Since we know this applies to you, we've already selected it.
- After you click on Asset, you will be asked about the purchase: Tell Us About This Rental Asset
- In the screen Tell Us More About This Rental Asset, you will indicate the sale the date of the sale and the date you began using it for business.
- Next: Confirm Your Prior Depreciation
- Next: Special Handling Required?
- Next Home Sale?
- Next: Sales Information. This is where you will be asked about the sales price.
