The sale of a Rental Property is reported in two areas of Rental Properties and Royalties. This article will get you started: How do I report the Sale of Rental Property?
- Start/Edit/Update the Assets for Depreciation/Sale of Rental Assets topic.
- Enter your rental assets, if you have not already.
- Check the box at the start to indicate you sold the property and the date.
- Then follow the prompts until you are asked about the sales information (proceeds & selling expenses).
- Continue back to the property summary page to save your entries.
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