Trying to report a simple sale of a rental property (purchased few years ago and was always a rental).
I'm going through the flow of reporting it in the section of my rental properties.
First question is "Did You Stop Using This Asset in 2024?" to which i answer "Yes".
Second question is "Special Handling Required?" to which i answer "Yes" since it was a rental property and it satisfies the last condition in that screen ("This asset was a rental, a home office, or a home office improvement within a home."). After clicking "Yes", it never takes me to a place to enter a sale amount. If I answer NO I get to a screen that allows me to enter the sales information. But I am still confused if I am answering the "Special Handling Required" question.
I find this issue extremely upsetting !
Please advise.
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@of1 wrote:"Special Handling Required?"
("This asset was a rental, a home office, or a home office improvement within a home.").
"Special Handling" basically means you need to manually figure out where to enter it.
However, you might be misinterpreting that line. I *THINK* it is saying if it is a rental ... WITHIN your personal residence (for example, you live in the home and rent out a room). If it the home is 100% rental property, "Special Handling" typically does not apply.
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