https://ttlc.intuit.com/community/business-taxes/discussion/should-i-enter-on-schedule-e/01/179368#M5818 <P>Regarding loss in sale of rental property; on Schedule E, asset entry worksheet, line 21, do I enter the amount we received after paying off the mortgage ($28500) or the actual sale amount? Cost Basis $185000, sold $165000?<BR /></P> Sat, 01 Jun 2019 16:11:31 GMT jotapaga 2019-06-01T16:11:31Z https://ttlc.intuit.com/community/business-taxes/discussion/should-i-enter-on-schedule-e/01/179368#M5818 <P>Regarding loss in sale of rental property; on Schedule E, asset entry worksheet, line 21, do I enter the amount we received after paying off the mortgage ($28500) or the actual sale amount? Cost Basis $185000, sold $165000?<BR /></P> Sat, 01 Jun 2019 16:11:31 GMT https://ttlc.intuit.com/community/business-taxes/discussion/should-i-enter-on-schedule-e/01/179368#M5818 jotapaga 2019-06-01T16:11:31Z https://ttlc.intuit.com/community/business-taxes/discussion/you-would-enter-the-actual-sales-price-the-mortgage-payo/01/179370#M5819 <P>You would enter the actual sales price. The mortgage payoff has nothing to do with capital gains or losses.</P> Sat, 01 Jun 2019 16:11:33 GMT https://ttlc.intuit.com/community/business-taxes/discussion/you-would-enter-the-actual-sales-price-the-mortgage-payo/01/179370#M5819 Coleen3 2019-06-01T16:11:33Z