You'll need to sign in or create an account to connect with an expert.
Whether you have a gain or loss when you sell your rental property is determined by the Original Cost, minus the amount of Depreciation you have taken on the property (Cost Basis) and the Sales Price.
Don't forget to include any Sales Expenses you paid, and add any Capital Improvements you made to the Cost Basis of the property
Here's how to enter the Sale of Rental Property:
https://ttlc.intuit.com/replies/6686119
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.
JS98651321
New Member
kayte44
New Member
AMA2010
New Member
lafmichelle
New Member
jackkgan
Level 5