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Yes, you report sale of your rental property on Form 4797 (based on your entries TurboTax prepares it). The gain or loss is reported on your 1040 Line 14. You can enter in Premiere- just note the sale of the property is entered under "Sale of Business Property" separately from your Rental Income and Expenses.
Yes, you report sale of your rental property on Form 4797 (based on your entries TurboTax prepares it). The gain or loss is reported on your 1040 Line 14. You can enter in Premiere- just note the sale of the property is entered under "Sale of Business Property" separately from your Rental Income and Expenses.
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