leeloo is giving good advice. Handle the rental and the sale on your Schedule E for rental income.
This is under:
- Wages & Income
- Scroll to Rentals, Royalties, and Farm
- Select Rental Properties and Royalties (Sch E)
- Follow the interview.
Then go to:
- Wages & Income
- Scroll to Less Common Income
- Select Sale of Home (gain or loss)
Take advantage if the (?) that you have along the way to help guide you.
Other examples for when you need to report your home sale can be found here IRS Publication 523, Selling Your Home
@jsdrummer1
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