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christiem16
New Member

If i sold as house lower than my purchase price that was a rental, How do I file it? Should I file it?

 
1 Reply
MinhT
Expert Alumni

If i sold as house lower than my purchase price that was a rental, How do I file it? Should I file it?

The sale of your rental home must be reported on your tax return, even if you had a capital loss. You'll have to recapture depreciation allowable.

To report the sale of your rental property, please read this TurboTax FAQ:

https://ttlc.intuit.com/replies/3388350

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