I sold my rental property in 2016 in February but did not rent it for any of 2016. Also I have over $2000 in expenses to sell it and I've already included the depreciati

f38017 · ‎June 3, 2019

PaulaM · ‎June 3, 2019

Report the sale in the Sale of Business Property section. To navigate to the section:

In your open return, select My Account
Tools
Topic Search
Type 'sale of business property' in the box, then select GO

Enter basis, sales prices and other costs. You will need the prior accumulated depreciation taken for the rental property. TurboTax will not calculate this for you. Look to your 2015 depreciation report for the accumulated depreciation taken.

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View solution in original post

PaulaM · ‎June 3, 2019

Report the sale in the Sale of Business Property section. To navigate to the section:

In your open return, select My Account
Tools
Topic Search
Type 'sale of business property' in the box, then select GO

Enter basis, sales prices and other costs. You will need the prior accumulated depreciation taken for the rental property. TurboTax will not calculate this for you. Look to your 2015 depreciation report for the accumulated depreciation taken.

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

I sold my rental property in 2016 in February but did not rent it for any of 2016. Also I have over $2000 in expenses to sell it and I've already included the depreciati