Where do i put sale of real estate that is not my personal residence

wadecp — Sat, 01 Jun 2019 06:45:46 GMT

There is no K-1 This is a personal sale

Yes, the sale of property other than your personal reside...

PatriciaV — Sat, 01 Jun 2019 06:45:48 GMT

Yes, the sale of property other than your personal residence is considered an Investment Sale. This activity is reported under Wages & Income >> Investment Income >> Stocks, Mutual Funds, Bonds, Other.

The easiest way to find this section of TurboTax is to use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "investment sale", hit Enter, and click on "jump to investment sale" to go directly to beginning of this topic.

Click Start/Update or "Add a Sale."
Type of Investment: Choose the best category for your sale
Enter a description, Net Proceeds (sales price less selling costs & commissions); date of sale.
Acquired: whatever method fits
Cost Basis: adjusted basis
Date of Acquisition: purchase date

If this was used as a Rental Property, the sale would be reported under Wages & Income >> Rental Properties and Royalties. See "How Do I Enter The Sale of Rental Property?"

topic Yes, the sale of property other than your personal reside... in Deductions & credits

Where do i put sale of real estate that is not my personal residence

Yes, the sale of property other than your personal reside...