Where do I report a real estate sale of an investment property?

[kbrdmn2]

I bought an investment property on November 20, 2015 (a house). I rehabbed it and sold it on November 29, 2016.  Where do I report the sale and capital gain?

[NicoleU · Accepted solution]

If you did not rent out the property during the year, then you may report it under the following TurboTax steps:

• Click Federal Taxes
• Click Wages & Income
• Go to Investment Income
• Go to Stock, Mutual Funds, Bonds, Other, then Click Start
• Answer No " Did you get a 1099-B or a brokerage statement for these sales?"
• On the next screen, select Second Home, Click Continue
• Enter Second Home Sale Information
• Tell us How You Acquired This Home, select Other method
  
• Enter Cost Information

Cost Basis - Original cost, including sales tax, purchase expenses, etc.

  PLUS
 - Improvements (with a useful life of more than one year)
 - Nondeductible assessments for improvements (sidewalks, utilities,
  etc.)

  MINUS
 - Depreciation claimed
 - Section 179 deduction taken, and
 - Casualty and theft losses deducted

[kbrdmn2]

Thank you!!