Yes, you have to enter the Sales Price of the rental property you sold. Report the sale in the Rental section first, under both Property Profile and Assets/Depreciation (where the rental property is listed as an Asset).
Click this link for more info on How to Report Sale of Rental Property.
Your Gain or Loss is calculated on the Sales Price, minus the Current Cost Basis + Sales Expenses.
The Current Cost Basis is the Original Cost Basis of the asset (when you set it up as a rental), minus depreciation taken.
Often you would have a Gain on the sale of rental property, since you are recapturing depreciation previously claimed as a deduction. If you made improvements to the property after renting it (but before selling it), you can add that to the Cost Basis when reporting the sale.
If you lived in the home for two of the five years prior to the sale, part of your gain may be excluded. If this applies, type 'Sale of Home' in the Search area, then click on 'Jump to sale of home'. You will need to enter the Prior Depreciation amount that TurboTax calculated for you when you reported the sale of the Rental Property.
[Edited 03/29/2022]
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