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jalalabad
New Member

I did not rent my Rental property in 2016 at all, I sold it , where do I enter the sale.

 
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Accepted Solutions
PaulaM
Employee Tax Expert

I did not rent my Rental property in 2016 at all, I sold it , where do I enter the sale.

Report the sale in the Sale of Business Property section. To navigate to the section:

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type 'sale of business property' in the box, then select GO

Enter basis, sales prices and other costs. You will need the prior accumulated depreciation taken for the rental property. TurboTax will not calculate this for you. Look to your 2015 depreciation report for the accumulated depreciation taken.

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1 Reply
PaulaM
Employee Tax Expert

I did not rent my Rental property in 2016 at all, I sold it , where do I enter the sale.

Report the sale in the Sale of Business Property section. To navigate to the section:

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type 'sale of business property' in the box, then select GO

Enter basis, sales prices and other costs. You will need the prior accumulated depreciation taken for the rental property. TurboTax will not calculate this for you. Look to your 2015 depreciation report for the accumulated depreciation taken.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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