My turbo tax download does not prompt me as to where i add money received from a sale of a rental property, even though i listed it as sold in 2021.what should i do?

 

 

You need to return to the rental section in TurboTax and Update the rental property, then Edit the property that you sold. When you come to the Review screen, Update the Assets/Depreciation section and choose to go to the asset summary. Once on the Your Property Assets screen, Edit the rental house asset and work through that section until you come to the Tell Us More About This Rental Asset screen. On that screen you should check The item was sold, retired, etc... box. Later in that section you will be asked to enter the sales price of the house and land. 

 

You should do the same for any other assets you have listed if they are not fully depreciated, and you will enter the sale amount for those as $0. 

 

This should get you to the screen where you can enter the sale price. If this does not work, let us know.