Hello !
Here are the steps to record rental income
and expenses and the disposal of the rental :
1. Sign into your account and
select Take me to my return
2. At the right upper corner, in the
search box , type in schedule e and Enter
3. Select Jump to schedule e
4. On next screen, Income from Rentals
or Royalty Property You Own, answer Yes to
Did you have
any rental or royalty income and expenses in 2016 for property
you own? Continue
through a few screens..
5. On screen, Do Any of These
Situations Apply to This Property? check I sold or
disposed of this property
in 2016. Continue through ...
6. On the screen, Your Rental
Summary, select Start at the sections where you need
to enter information. At
Sale of Property /
Depreciation,
select Start
7. Follow the prompts to complete.
See the first two attached screenshots.
Continue...
8. On screen, Depreciation for
Your Rental Property , select Yes and follow
prompts
9. On screen, Describe This
Asset, select Rental Real Estate Property and Continue, follow
prompts
10. On screen, Tell Us
About This Rental Asset, select Residential Rental Real Estate and
select Continue
11. On screen, Tell Us About This Rental
Asset, check the item was sold, retired, stolen and destroyed.
12. Continue to complete transaction
See the last three screenshots.
I hope you find the information helpful !
