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amontout45
New Member

Can I enter expenses from the sale of rental property?

where do I enter expenses  from the sale of rental property?
1 Reply
PaulaM
Expert Alumni

Can I enter expenses from the sale of rental property?

Do you have the property listed as a rental in TurboTax?

 If so, enter the sales details in the rental section. You have to indicate that the property was sold in two locations (property profile and sale of property/depreciation). Continue to enter the sales price and expenses in the Sale of property/depreciation section. See 1st three thumbnails below.

If not, you can enter the sale as a Sale of Business Property under Business Items. Enter the description, date acquired,date sold, sales price (less the expenses), cost and depreciation taken. The gain/loss will be recorded on Form 4797. See last two thumbnails below.


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