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.
01334
1 Best answer
MaryK1
Level 9
Jun 1, 2019 12:35:37 AM
You will want to enter it as Sale of A Business Asset
1 Replies
MaryK1
Level 9
Jun 1, 2019 12:35:37 AM
You will want to enter it as Sale of A Business Asset