topic Can we file a sale of a rental property for 2025 tax return yet? in Investors & landlords

Can we file a sale of a rental property for 2025 tax return yet?

petemenk — Thu, 05 Feb 2026 11:19:14 GMT

Re: Can we file a sale of a rental property for 2025 tax return yet?

AmyC — Thu, 05 Feb 2026 19:03:16 GMT

Yes, the Sch E and the depreciation schedules are available.

My apologies, they all show available and have worked for me individually but the Sch E is stopping the 4562. Tech is working on it and are hoping the Feb 11 update will correct the issue.

[Edit 2/5/2026| 11:02 am PST] @petemenk

Re: Can we file a sale of a rental property for 2025 tax return yet?

petemenk — Thu, 05 Feb 2026 18:10:41 GMT

I'm still getting this message for depreciation from sale?

Depreciation and Amortization will be ready by February, but likely sooner

Re: Can we file a sale of a rental property for 2025 tax return yet?

CatinaT1 — Thu, 05 Feb 2026 18:14:33 GMT

Form 4562 is only ready for Schedule C and F. The Schedule E area is currently being updated.

The software should be updated after 02/11/26, but our tech team is working hard to have those updates before that date.

Re: Can we file a sale of a rental property for 2025 tax return yet?

user17710017347 — Fri, 13 Feb 2026 16:57:07 GMT

Today is 2/13 and the rental property sold section is still not available, is there any updates for when this section is going to be available?

Re: Can we file a sale of a rental property for 2025 tax return yet?

PatriciaV — Sun, 15 Feb 2026 15:09:31 GMT

Form 4562 is ready; however, the work on that section of TurboTax is still in the process and is expected to be available later this week with the end of the week updates, February 20, 2026.

Re: Can we file a sale of a rental property for 2025 tax return yet?

user17713410894 — Tue, 17 Feb 2026 15:15:54 GMT

is 20 Feb still looking good to have sale of rental property ready? Depreciation of basis is killing me making me sell other investments to just pay taxes when I only made a small profit from owning rental property. I know, preaching to the choir on IRS tax code.

Re: Can we file a sale of a rental property for 2025 tax return yet?

RobertB4444 — Tue, 17 Feb 2026 16:17:40 GMT

As of right now the 20th of February is still on track.

Re: Can we file a sale of a rental property for 2025 tax return yet?

smjaskilka — Fri, 20 Feb 2026 02:29:45 GMT

2/19/2026 - The message about Depreciation and Amortization being available by February has gone away. But now, after updating the property and checking the "Sold" button, it only asks how many days it was rented and how many days it was used for personal use. That's it. Can't get to the meat where you enter what the property sold for, what your selling expenses were, etc. Where is that ???

Re: Can we file a sale of a rental property for 2025 tax return yet?

DaveF1006 — Fri, 20 Feb 2026 14:59:02 GMT

It depends. Try this precise set of steps to see if you are able to access that section.

Go to Rental Properties and Royalties and select Edit on your property.
Ensure you checked the box "I sold or disposed of this property" in the Property Profile section.
Scroll down to the Assets/Depreciation section and click Start/Update.
You must click Edit on the actual "House" or "Structure" asset.
Proceed through the screens until you see: "Did you stop using this asset in 2025?" Select Yes.
Enter the date sold.
This is where the sales price and sales expenses should appear. If it skips from "Date Sold" directly to a summary screen, the software is still locked for your specific property type.

Re: Can we file a sale of a rental property for 2025 tax return yet?

smjaskilka — Sat, 21 Feb 2026 01:48:33 GMT

Hello,

Thanks for your reply.

1. Yes

2. Yes - (Under "Rental Property Info" > Situations > Sold)

3. No - I entered expenses several weeks ago, which is still there. The Income section is blank because I rented zero days. There is no "Start/Update" Button. But, at the bottom I can edit a "Sold Rental Property" link. Here, all I can do is add a depreciable asset, and answer yes/no to "Do you have a section 179 carryover..." When say "No" to this it just circles me back to The list of income and expenses for the year.

4. Yes - clicked on the one and only one address asset.

5. No, I never get to a screen that says did you stop using this asset in 2025?"

6. Never come across the "date sold" screen.

7. The Property Type in the "Rental Property Info" section is "Single Family House"

What next? Do I have to delete all the data under expenses and start over? Or, will that still not fix it?

thanks.

Re: Can we file a sale of a rental property for 2025 tax return yet?

DianeW777 — Sat, 21 Feb 2026 22:36:03 GMT

No, you should not have to delete any rental expenses for 2025. If the property was never used for personal use, then you can enter total days rented and zero personal days. In TurboTax Online I entered $1 to remove 'Needs Review'.

Be sure you select it was used 100% for business. See the notes below to enter the sale data and how to arrive at the selling price for each asset.

If you are using TurboTax Online you may want to use the information below. Close your return before you begin.

Try clearing the cookies and cache. It handles many issues that seem nonsensical on a regular basis with online activity. Watch to be sure you are selecting 'all time' as example. Do not use selections like 'last hour' for those browsers that give you options.

How to clear your cache

Once this is complete open your return and try again.

First I will place an example of how you prorate the selling price to each of the assets including the land.

For any asset, such as appliances, that really have no value because they are past the recovery period of five years you can use a zero.

Use the original cost of each asset listed on depreciation, add those together then divide each one by the combined total to find the percentage of the cost for each asset. Use that percentage times the sales price and sales expenses to find the selling price/sales expenses for each asset. If you want you can check the allocation of building and land in your county real estate tax office, on file now.

Example: Original Cost (of each asset on your depreciation schedule)

$10,000 Land = 13.33%

$50,000 House = 66.67%

$15,000 Improvements = 20%

$75,000 Total = 100%

Multiply each percentage times the sales price/sales expenses to arrive at each individual sales price/sales expense.

Passive Activity Loss Entry if applicable:

Assuming your passive losses were carried over each year, this will be a separate and identifiable entry which will carry to the Schedule E. The full remainder of passive loss carryover is used in the year of sale as an expense. This is combined with your overall rental gain or loss to your Form 1040.

When you are on the screen 'Do any of these situations apply to this property?' (Property Profile section), be sure to check the box under Carryovers.

See my notes below on entering the sales price/expenses for each asset inside the rental activity.

You need to dispose of the property by telling TurboTax how and when it was disposed of. Follow the instructions below.

Click on Search (upper right) > type schedule e > Enter > click Jump to .... link
Answer the questions and on under Rent and Royalty Summary, click Edit
Click Update to the right of Assets/Depreciation.
Do you want to go directly to your asset summary?, click Yes and Continue
Click Edit to the right of each asset to be disposed of
Go through several screens until you get to Tell Us More About This Rental Asset
Click on This item was sold……. And continue to answer the questions

You might also review information here for more details

@smjaskilka

Re: Can we file a sale of a rental property for 2025 tax return yet?

PatriciaV — Sun, 22 Feb 2026 18:45:14 GMT

Did you report that you didn't rent the property all year? If so, TurboTax removed all information about your rental property. You can fix this by changing your answer to rented for one day (no personal days). Then go to the Sale of Property topic and enter your sale information.

@smjaskilka

Re: Can we file a sale of a rental property for 2025 tax return yet?

smjaskilka — Sun, 22 Feb 2026 19:14:57 GMT

Hello Patricia,

Thanks for your reply. I tried setting the "Fair Rented Days" to "1" under the "Rental Property Info" and saving that. I also tried every combination of answers under the "Sold or disposed of property" in the "Rental Property Info" link.

No matter what I tried above, back under the "Sold Property Link", it didn't change a thing. It asks about adding depreciable assets and whether I had a Section 179 carryover. That's it. Then it circles back. No opportunity to add sale information at all. I used Turbo tax the last 2 years or so, it should still have all the information.

Re: Can we file a sale of a rental property for 2025 tax return yet?

PatriciaV — Mon, 23 Feb 2026 20:30:46 GMT

Your best option is to use the property information from your prior year return and enter the assets again under Depreciation. You'll need the cost basis and all types of depreciation taken as of the end of last year.

Remove any responses that refer to a sale. Log out, close your browser, then open your browser and log back in. Review the information for your rental to be sure that the property info matches last year. (Skip income & expenses, since you already entered those items).

Go back to the start of the instructions for reporting the sale of the property and see if you can enter the actual sale information. Be sure you don't check the box for "not rented all year."

Re: Can we file a sale of a rental property for 2025 tax return yet?

smjaskilka — Tue, 24 Feb 2026 01:34:50 GMT

Well, thanks, but this didn't work either. So, I tried removing all my expenses, all references to SOLD, logging out, clearing cache again but now, even when I tell i I SOLD, it doesn't even come up with a link for depreciated assets, or whether I have carryover for 179.

I'm done. I give up. I"m going to TAX ACT or H&R BLOCK. This is ridiculous.

Re: Can we file a sale of a rental property for 2025 tax return yet?

jcmountain2 — Tue, 24 Feb 2026 23:37:53 GMT

For the sale of rental property, I am having the same issues as the previous users. I have tried entering 1 day for rental and 0 for personal use. However, I never get fields for entering the sale information and anything else to close the asset as sold.

Re: Can we file a sale of a rental property for 2025 tax return yet?

DianeW777 — Wed, 25 Feb 2026 00:49:51 GMT

When entering the rental period use the number of days before you sold it (January 1-Sale Date), then use zero for personal use days. The next steps are important so be sure to follow them carefully. It's very important to answer Yes, you rented the property all year. TurboTax will know what to do once the sales date is entered.

You need to dispose of the property by telling TurboTax how and when it was disposed of. Follow the instructions below.

Click on Search (upper right) > type schedule e > Enter > click Jump to .... link
Answer the questions and on under Rent and Royalty Summary, click Edit
Click Update to the right of Assets/Depreciation.
Do you want to go directly to your asset summary?, click Yes and Continue
Click Edit to the right of each asset to be disposed of
Go through several screens until you get to Tell Us More About This Rental Asset
Click on This item was sold……. And continue to answer the questions - You will be asked for the sale date.

You might also review information here for more details.

@jcmountain2

@smjaskilka

Re: Can we file a sale of a rental property for 2025 tax return yet?

shallakoclark — Sat, 28 Feb 2026 04:56:32 GMT

I have this same problem partly. It let me put in the sale date from step 7 below but goes directly to the summary after that. So you said below it is still locked. What does that mean? Why would it be locked? How does it get fixed?

Re: Can we file a sale of a rental property for 2025 tax return yet?

PatriciaV — Sun, 01 Mar 2026 21:10:38 GMT

We have tested entering a Rental Property sale but are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2025" file that is experiencing this issue.

You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, please follow these instructions:

In TurboTax Online, open your return, go to the black panel on the left side of your program and select Tax Tools.

Then select Tools below Tax Tools.
A window will pop up which says Tools Center.
On this screen, select Share my file with Agent.
You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number.
You may wish to snap a screenshot to post instead of the actual number.
Reply to this thread with your Token number (including the dash) and tag (@) the Expert requesting the token from you.
Please include any States that are part of your return - this is VERY important.

If you are using TurboTax for Desktop, go to Online in the top menu, then choose "Send Tax File to Agent."

We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution.

@shallakoclark

@jcmountain2