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:
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 !
You'll need to sign in or create an account to connect with an expert.
Please follow the instructions from the link below.
https://ttlc.intuit.com/replies/5813806
Please follow the instructions from the link below.
https://ttlc.intuit.com/replies/5813806
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
msolnikowski
New Member
4829smith
New Member
sarachaib0680
New Member
kcvlr3
New Member
cbaerchen
Returning Member