How do i estimate the sale of a rental property for 2019 taxes?

[js44501]

Rental property income and expenses are contained in Turbo Tax since purchase. Rental property sold in March 2019.  I need to estimate my federal and state taxes for 2019 taking into account 2018 income and expense information.

[Leonard]

You will need to calculate the capital gain or loss on the sale of the property to report any gain or loss on your 2019 tax return.

The capital gain/loss is determined by starting with the (net sale price) - (adjusted cost basis)

You can use this amount along with your other rental income and expenses to estimate your 2019 taxes