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posted Jun 1, 2019 12:35:35 AM

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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1 Best answer
Level 9
Jun 1, 2019 12:35:37 AM

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

1 Replies
Level 9
Jun 1, 2019 12:35:37 AM

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