2704898
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PattiF
Expert Alumni

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.


 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question