It sounds like you have all the information you'll need to report the sale of your rental. If you've had a passive loss carryover, you'll need that info also. If you've used TurboTax to claim your rental you should be OK to go following the instructions below. When you enter the rental itself as an asset, TurboTax will ask you to allocate so much for the building and so much for the land.
If you have any other details regarding this question, please feel free to post them in the comment section.
The sale
of Rental Property is reported under Wages &
Income >> Rental Properties. You will nee...
If you did not
use TurboTax last year, you will need to first enter the property under Assets/Depreciation,
then record the sale from the Rental Summary screen.
Access this area
of TurboTax under Federal Taxes >> Wages & Income
>> Rental Properties & Royalties.
As you work
through the interview sequence, be sure to check the circle beside "I
sold or disposed of this property in 2016". (see first screenshot
below). You can revisit that section again if you did not.
At the end of
the interview, you should see the Rental Property Summary screen
(screenshot #2 below). Click Start next to "Sale of
Property" and work through the interview sequence. Be sure you mark
the asset as sold with the date of the sale (screenshot #3 below). Here is
a list of selling expenses: https://ttlc.intuit.com/questions/2812316. You may also include the cost of repairs
needed in order to close. Repairs prior to listing the property are included
under Rental Expenses.
Complete the
interview and TurboTax will calculate the Gain/Loss on the sale based on your
input.
