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Bill-NC
New Member

Do I enter sale of a home I inherited and used as a rental in Investment Income, or within Rentals and Royalties as a sold asset?

This was my father's home that has been in his Trust since he died 14 years ago. I've used it as a rental for the past 10, and sold it in December. It's not clear where I should enter the info for sale.

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MaryK1
Level 9

Do I enter sale of a home I inherited and used as a rental in Investment Income, or within Rentals and Royalties as a sold asset?

You will want to enter it as Sale of A Business Asset

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MaryK1
Level 9

Do I enter sale of a home I inherited and used as a rental in Investment Income, or within Rentals and Royalties as a sold asset?

You will want to enter it as Sale of A Business Asset

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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