You'll need to sign in or create an account to connect with an expert.
If the property sold at a gain, you can report this as the Sale of Business Property.
But if the sale resulted in a loss, you may need to report it as an Investment Sale (choose "Other" for the type of investment). See Where do I enter investment sales?
Your other option is to report one day of rental use, which will allow you to report the sale of all assets under the Rental Properties topic.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
saviochenyu
New Member
leenliinta
New Member
atn888
Level 2
cboharvey
New Member
kare2k13
Level 4