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Where do I report the sale of rental property?

Ive reported it on the rental expense page and then was asked again when reviewing, causing a great increase in tax.
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1 Reply
RobertB4444
Employee Tax Expert

Where do I report the sale of rental property?

You reported it in the correct place.  When you sell a rental property you have to recover all of the depreciation deduction that you took over the years and that can lead to a large amount of taxable income.  

 

@Ktwicks2630 

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