ksrph
Returning Member

Investors & landlords

I have the same question. I sold a rental house.  It was not part of my main home and I did not live in it.  The 1099-S I received only lists the gross proceeds (Box 2) which was $100,000.  This was an amicable sale to a known party; we did not use a realtor.  Still not sure what to put in these fields:

Asset sales price (business portion only)

Asset sales expenses (business portion only)

Land sales price (business portion only)

Land sales expenses (business portion only)