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pinkyatb
Returning Member

How or Where to enter my Capital Gain from Rental Properties I Sold Using Desktop Software

I sold several Rental Properties that I need to add the selling price to my tax return but if you go through your software and fill out all of the information, you will see the software Never ask for the Selling Price.  It give a depreciation amount but I need to pay the taxes on the amount I gained from the Sale.  I am using Desktop Home & Business.

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How or Where to enter my Capital Gain from Rental Properties I Sold Using Desktop Software

You have to proceed through the Property Profile section and indicate that you disposed of the property (see screenshot).

 

rent1.png

 

Next, you have to proceed through the Sale of Property/Depreciation section and check the box to indicate the property was sold and the date of the sale (see screenshot).

 

rent2.png

 

Subsequently, you will arrive at the screen where you will enter the selling price.

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