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This will be entered into the rental activity section of your return. This will allow both the rental income and expense and the sale of the home.
Once you enter it you can follow the steps to show the sale.
Begin by entering your Rental Activity even for 2016, you do have to say it was available to rent. Select all the necessary actions on the page "Do any of these situations apply to this property?" (image attached)
This will also take into account the home sale partial exclusion if you qualify. TurboTax will walk you through the process and you can ask more questions if you want.
This will be entered into the rental activity section of your return. This will allow both the rental income and expense and the sale of the home.
Once you enter it you can follow the steps to show the sale.
Begin by entering your Rental Activity even for 2016, you do have to say it was available to rent. Select all the necessary actions on the page "Do any of these situations apply to this property?" (image attached)
This will also take into account the home sale partial exclusion if you qualify. TurboTax will walk you through the process and you can ask more questions if you want.
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