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I sold my rental house and it is not allowing me to enter the sales information and capital gains.

There is no where to enter the date of the sale, and the selling price.
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1 Best answer

Accepted Solutions
PatriciaV
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I sold my rental house and it is not allowing me to enter the sales information and capital gains.

Rental Property sales are entered in two places under Rental Properties.

 

  1. Open your return, go to Tax Tools >> Tools >> Topic Search. Search on "schedule e" then click the link.
  2. On the Rental and Royalty Summary page, click Edit (pencil icon) beside the property you sold.
    (If you didn't report this property last year, you'll need to complete all the interview questions, including setting up the asset(s) for depreciation.)
  3. Click Edit beside the Rental Property info.
  4. Under General Info: "Situations" (or on the page "Do Any of These Situations Apply?"), click "I sold or disposed of this property." Continue through the screens to the Property Rental Summary page.
  5. Click Edit beside Sold Rental Property.
  6. Go directly to your asset summary and click Edit beside the rental asset you sold.
  7. Continue to the page "Tell Us More About This Rental Asset" and check the box for "The item was sold..." Enter the date of the sale in the pop-up box.
  8. Follow the prompts to enter the sale information.
  9. Continue back to the Property Summary page. Click Done and answer any follow-up questions.

For more help. see I sold my rental property. How do I report that?

**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

1 Reply
PatriciaV
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I sold my rental house and it is not allowing me to enter the sales information and capital gains.

Rental Property sales are entered in two places under Rental Properties.

 

  1. Open your return, go to Tax Tools >> Tools >> Topic Search. Search on "schedule e" then click the link.
  2. On the Rental and Royalty Summary page, click Edit (pencil icon) beside the property you sold.
    (If you didn't report this property last year, you'll need to complete all the interview questions, including setting up the asset(s) for depreciation.)
  3. Click Edit beside the Rental Property info.
  4. Under General Info: "Situations" (or on the page "Do Any of These Situations Apply?"), click "I sold or disposed of this property." Continue through the screens to the Property Rental Summary page.
  5. Click Edit beside Sold Rental Property.
  6. Go directly to your asset summary and click Edit beside the rental asset you sold.
  7. Continue to the page "Tell Us More About This Rental Asset" and check the box for "The item was sold..." Enter the date of the sale in the pop-up box.
  8. Follow the prompts to enter the sale information.
  9. Continue back to the Property Summary page. Click Done and answer any follow-up questions.

For more help. see I sold my rental property. How do I report that?

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

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