shanavt
Returning Member

Should something appear under Sale of Home (gain or loss) for sale of a rental?

Hello,
I am finishing up my tax return and one thing that looks strange is that after going through all the questions, and I believe answering them correctly, I am showing something under "Sale of Home (gain or loss)". I thought this section was just for the sale of a primary residence but it was automatically populated after completing the questions about the sale of my rental property. I did not sell a primary residence and only sold my rental property but the address appears in both places. I am wondering if it should be listed there and if it is effecting anything. I am worried about deleting it because I don't want all the work I did for my rental property to be deleted. Does anyone know if something should be showing there for the sale of a rental property? It looks like the below.

 

Rental Properties and Royalties (Sch E)
Condo that I rent out
 -$13,126.00Edit/Add
   
Sale of Business Property
 
 $62,547.00Edit
   
    
   
Sale of Home (gain or loss)
 
 $62,547.00Edit