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wang6655
New Member

Where do I report Sold a Vacant 3 years Rental Property in 2018? I bought a rental property on 2007, it sold on 2018 and have never reported as 2nd home or primary reside

Where do I report Sold a Vacant 3 years Rental Property in 2018??

I bought a rental property on 2007 and have never reported as primary residence or 2nd home. It was sold out on 2018  

This rental property was vacant and listing for sale since 2015, so I did not report rental income on Sch E since 2015

I sold out this Vacant for 3 years Rental Property in 2018, Where do I report Sold a Vacant 3 years Rental Property in 2018?? 

I try to report on rental summary but show up as follows:

Was the property rented for all of 2018

No this property was not rent all year  

Since the property was not a rental at all in 2018, you should delete it as rental 

Therefore, I do not know where to report this Sold a Vacant 3 years Rental Property


I did try to follow your ANSWER EMAIL INSTRUCTION yesterday,  but it was not rejected and requested to remove as follows: 

You would need to enter it as a second home, since it was not your primary, nor did it count as a rental for the last few years. You will be asked if it was used as a rental in the past and you can enter all relevant data.

These are entered in the investment section of TurboTax. Follow these instructions:

  1. Open your return in TurboTax.
     (To do this, sign in to TurboTax and select Take me to my return button.)
  2. In the search box, search for sold second home (use this exact phrase) and then select the "Jump to" link in the search results.
  3. Answer Yes on the Did You Sell Any Investments in 2017? screen.
  • If you land on the Here's the investment sales info we have so far screen, select Add More Sales.

  1. Answer No to the 1099-B question.
  2. On the next screen, select Second Home (choose this also for inherited homes) or Land. Select Continue.
  3. Follow the on-screen instructions to completion.

After I completed enter information it showed 
REMOVE THIS SALE 

REPORT THE SALE IN THE SALE OF BUSINESS PROPERTY TOPIC, WITHIN THE BUSINESS INCOME AND EXPENSES SECTION, IF YOU NO LONGER HAD THIS BUSINESS OR RENTAL IN 2018 

THEREFORE, YOU SAID TO REPORT ON 2ND HOME DOES NOT WORK, I AM NOT SURE WHETHER I SHOULD REPORT ON 

THE SALE OF BUSINESS PROPERTY??? PLEASE GIVE ME ADVICE !




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1 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

Where do I report Sold a Vacant 3 years Rental Property in 2018? I bought a rental property on 2007, it sold on 2018 and have never reported as 2nd home or primary reside

Please follow the instructions from the link below.

https://ttlc.intuit.com/replies/5813806

[Edited 2/8/2019 [7:30am]

View solution in original post

3 Replies
Coleen3
Intuit Alumni

Where do I report Sold a Vacant 3 years Rental Property in 2018? I bought a rental property on 2007, it sold on 2018 and have never reported as 2nd home or primary reside

Please follow the instructions from the link below.

https://ttlc.intuit.com/replies/5813806

[Edited 2/8/2019 [7:30am]

wang6655
New Member

Where do I report Sold a Vacant 3 years Rental Property in 2018? I bought a rental property on 2007, it sold on 2018 and have never reported as 2nd home or primary reside

I did try to follow your ANSWER EMAIL INSTRUCTION yesterday,  but it was not rejected and requested to remove as follows:
You would need to enter it as a second home, since it was not your primary, nor did it count as a rental for the last few years. You will be asked if it was used as a rental in the past and you can enter all relevant data.
These are entered in the investment section of TurboTax. Follow these instructions:
1. Open your return in TurboTax.
 (To do this, sign in to TurboTax and select Take me to my return button.)
2. In the search box, search for sold second home (use this exact phrase) and then select the "Jump to" link in the search results.
3. Answer Yes on the Did You Sell Any Investments in 2017? screen.
• If you land on the Here's the investment sales info we have so far screen, select Add More Sales.
1. Answer No to the 1099-B question.
2. On the next screen, select Second Home (choose this also for inherited homes) or Land. Select Continue.
3. Follow the on-screen instructions to completion.
After I completed enter information it showed
REMOVE THIS SALE
REPORT THE SALE IN THE SALE OF BUSINESS PROPERTY TOPIC, WITHIN THE BUSINESS INCOME AND EXPENSES SECTION, IF YOU NO LONGER HAD THIS BUSINESS OR RENTAL IN 2018
THEREFORE, YOU SAID TO REPORT ON 2ND HOME DOES NOT WORK, I AM NOT SURE WHETHER I SHOULD REPORT ON
THE SALE OF BUSINESS PROPERTY??? ANYONE PLEASE GIVE ME ADVICE !
Coleen3
Intuit Alumni

Where do I report Sold a Vacant 3 years Rental Property in 2018? I bought a rental property on 2007, it sold on 2018 and have never reported as 2nd home or primary reside

Please see edited answer.

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