Sold rental property

[ArmyZebra]

My husband and I stopped renting out our rental property in Oct '24. Claimed that part on our taxes for 2024. Listed for sale the same month and sold in early '25.  We did not have it rented at all in 2025, but that is when it sold.  I have clicked the option that we sold the property, but when I go through and try to enter any other info, I'm being told that since it wasn't rented at all in 2025 that I should just delete the rental.  If I do that though, where would I enter the info that the property sold?

[ThomasM125 · Accepted solution]

On the screen that says Was this property rented for all of 2025? you should click the box that says No, this property was not rented all year.  However, do not check the other box that says I did not rent or attempt to rent this property in 2025. Then, go to the depreciation section and mark each asset as being sold by allocating a portion of the purchase price to each asset until each one is marked as sold.

[ArmyZebra]

This does look like the way to fix my problem, I just didn't realize now that the required form for this is currently not ready. Thank you for your help!

[CatinaT1]

The work on this section of TurboTax is continuing and expected to be completed with an update coming after Thursday night (2/19).  The best time to check for a change will be Friday (2/20).

[superwario]

I just tried all the steps and there is no option to enter any Sales price inforation for a Rental Home that I sold.  Are there more updates coming?

[DaveF1006]

Try these steps to see if this works for you.

1. Go to Rental Properties and Royalties and select Edit on your property.: Ensure you have checked the box "I sold or disposed of this property" in the Property Profile section. 
2. The Asset Link: Scroll down to the Assets/Depreciation section and click Start/Update.
3. Edit the Asset: You must click Edit on the actual "House" or "Structure" asset.
4. Proceed through the screens until you see: "Did you stop using this asset in 2025?" Select Yes.
5. Disposition Information: Enter the date sold.
6. Sales Information: This is where the sales price and sales expenses should appear.