Can i record a rental property on a capital gains and loss form when it was sold at a loss?

[tinkerbell55]

The house was a rental that was sold on Jan 16, 2018.   It was sold at a loss.  Does this need to be recorded on a Capital gain and loss form?

[KittyM]

Yes, your sale of a rental property will end up on your Form 4797 / Schedule D.  All you need to do is report that you sold the property in the Rental, Royalties, and Farm interview, and TurboTax will walk you through the proper entries.

You must report the sale of a rental via the interview in order to properly report the sale and remove the asset from your TurboTax return.