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Sched E Rental Comparisons from 2019 entered on 2020 Turbo for only one of two houses?

Why does Turbo ask for details from 2019 on one house  (rental) for Turbo 2020 Sched E, and not from 

the other house (rental) on the same Turbo 2020?

 

I also have sold both rental houses and I would have thought that Long Term Capital Gains was available? Don't see it.

 

I sold unimproved land in Florida and Hawaii (total of three lots) held for many years.  Long term Capital Gains seems missing

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1 Reply
Cynthiad66
Expert Alumni

Sched E Rental Comparisons from 2019 entered on 2020 Turbo for only one of two houses?

Capital Gains is reported on Form Schedule D.  Also the sale of property is on Form 4797.

 

Report the gain or loss on the sale of rental property on Form 4797, Sales of Business Property or on Form 8949, Sales and Other Dispositions of Capital Assets depending on the purpose of the rental activity. Individuals typically use Schedule D (Form 1040), Capital Gains and Losses together with Form 4797 or Form 8949.

For further information, refer to:

Category

Sale or Trade of Business, Depreciation, Rentals

Sub-Category

Sales, Trades, Exchanges

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