If you have not filed, here are the steps (online):
- Sign into your account and select Take me to my return
- At the right upper corner, in the search box, type in schedule e and Enter
- Select Jump to schedule e
- Next screen, Income from Rentals or Royalty Property You Own, answer Yes
- Follow prompts
- On the screen, Do Any of These Situations Apply to This Property? Select Sold.
- Follow prompts
- On the screen, Review Your Rental Summary, under Sale of Property/Depreciation, select Start. You will also enter any rental income and expenses if there are any.
- On the screen, Depreciation for Your Rental Property , select Yes and follow prompts
- On the screen, Describe This Asset, select Rental Real Estate Property and Continue, follow prompts
- On the screen, Tell Us About This Rental Asset, enter information, then Continue
- Next screen, Tell Us About This Rental Asset, check the item was sold and Date you sold and Continue. See the attached screenshot.
- Follow prompts to complete the transaction
