Re: Help where to put in numbers for sale of renta...
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Returning Member

Help where to put in numbers for sale of rental

Family home was purchased in 2006 at a price of $355,000. Additional improvements were made in the next 3 years at a cost of $38,000

 

We moved in 2010 and due to the poor housing market, the FMV of the home dropped to $366,000 when we converted to a rental property.   Depreciation was taken on the property since 2010, although some it rolled over due to income restrictions

 

The home was sold in August 2018 for $350,000.

 

Improvements, costs of the first loan (approx $6,000) and the expenses ($21,000) we paid for the sale are not taken into consideration under rental properties schedule E. Where or how do I list the sale of the house in Turbo Tax?

2 Replies
New Member

Help where to put in numbers for sale of rental

Hi Markmc.  I have the exact same question and can not find the answer to it.  Did you ever figure it out?  Thanks.

Highlighted
Level 14

Help where to put in numbers for sale of rental

Are you using the step z step view in TT?

Are you using online or CD version
v
Privacy Settings