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Selling Rental Property

I sold rental property in 2019 and received a 1099-S "Proceeds From Real Estate Transactions".  I included this sale in in my tax forms for 2019 in the depreciation section of Rental Property and Royalties.  Am I also supposed to include this sale of rental property in the Investment Income Section as the sale of a second home?

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3 Replies

Selling Rental Property

If it was a rental property when it was sold, then you only report the sale in the Rentals and Royalties section of the program.

Selling Rental Property

I have trurbo tax premier where do I report the sale of the rental property?

Selling Rental Property


@Bleming568 wrote:

I have trurbo tax premier where do I report the sale of the rental property?


See this TurboTax support FAQ for selling a rental - https://ttlc.intuit.com/community/rental/help/i-sold-my-rental-property-how-do-i-report-that/01/2625...

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