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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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.
I have trurbo tax premier where do I report the sale of the 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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