When you start to work on your rental property, indicate that you want to review your rental and royalty information. Update the Sale of Property/Depreciation section and choose the asset that represents the property sold and indicate that you sold or disposed of the asset. Then work through that section to report the sales proceeds from your Form 1099-S.
You will see a screen that says Do Any of These Situations Apply to This Property? You need to check the box that says I sold or disposed of this property in 2024:


You would also have to report the sale of the other assets, for which you could enter sales proceeds of $0, unless some of the sale amount was allocated specifically to one or more of the other assets.
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