Hi, I had a rental property in another state with a partner. In 2023, it was not rented at all because we were doing repairs and had evicted the previous tenant. In 2024, repairs were completed and the property was sold. Since this property was removed from 2023 return due to not having any income, I'm trying to figure out how to report it so that it shows as property sold in another state, cost of repairs (capital improvements $25k+), and regular expenses.
Based on a response I got last year when asking what to do with it since it wasn't being rented out during the repairs, I entered it in the Desktop version via this method:
Other Business Situations
> Sale of Business or rental property that you haven't already reported
> "Yes" to Do all of the following apply?
Entered the description and sales information, however it never asks me for an address or the state in which the property is located
I have also tried entering it as a Rental but since there wasn't any rental income, having some difficulty.
This was always an investment property and I have never lived in the state in which it's located.
What's the property way to report this?
