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Assuming you've been reporting your rental activity on Schedule E using TurboTax then you'll need to report the sale using that same interview: "Rental Properties and Royalties (Sch E)".
The "payoff of your main residence" is not reported anywhere in the income tax return. You'll simply report less - or no - mortgage interest deductions on Schedule A.
Tom Young
Assuming you've been reporting your rental activity on Schedule E using TurboTax then you'll need to report the sale using that same interview: "Rental Properties and Royalties (Sch E)".
The "payoff of your main residence" is not reported anywhere in the income tax return. You'll simply report less - or no - mortgage interest deductions on Schedule A.
Tom Young
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