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Sold a rental home- lived in the home for 7 years, then rented for almost 2 years before we sold. where do i report this?

 
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1 Best answer

Accepted Solutions
LinaJ2018
Intuit Alumni

Sold a rental home- lived in the home for 7 years, then rented for almost 2 years before we sold. where do i report this?

Here are the steps to record rental income and expenses and sale of the rental for a loss :

 

  • Sign in to your account and select Pick up where you left off
  •  At the right upper corner, in the search box, type in schedule e and Enter 
  • Select Jump to schedule e
  • On the next screen, Income from Rentals or Royalty Property You Own, answer Yes to Did you have any rental or royalty income and expenses in 2016 for property you own?  
  • Follow prompts
  • On-screen, Do Any of These Situations Apply to This Property?  check I sold or disposed of this property in 2019. Continue through ...
  • On the screen, Your Rental Summary, select Start at the sections where you need to enter information.  At 
  • Sale of Property / Depreciation, select Start
  • Follow prompts
  • On-screen, Depreciation for Your Rental Property, select Yes and follow prompts
  • On-screen, Describe This Asset, select Rental Real Estate Property and Continue, follow prompts
  • On-screen, Tell Us About This Rental Asset, enter information and select Continue
  • On-screen, Tell Us About This Rental Asset, enter information.  

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3 Replies
iewihc
New Member

Sold a rental home- lived in the home for 7 years, then rented for almost 2 years before we sold. where do i report this?

I also sold a rental home, lived in it for 4 our of 7 years. I am using TurboTax Premier on PC and cannot access the screen "Tell us about this rental asset", and the other screens don't exactly match what I'm seeing in my version either. I've already tried re-entering all information from scratch.  How do I access to input information that I have lived in the home myself for several years, and it wasn't a rental for 100% of the time?
iewihc
New Member

Sold a rental home- lived in the home for 7 years, then rented for almost 2 years before we sold. where do i report this?

I also sold a rental home, lived in it for 4 our of 7 years. I am using TurboTax Premier on PC and cannot access the screen "Tell us about this rental asset", and the other screens don't exactly match what I'm seeing in my version either. I've already tried re-entering all information from scratch.  How do I access to input information that I have lived in the home myself for several years, and it wasn't a rental for 100% of the time?
LinaJ2018
Intuit Alumni

Sold a rental home- lived in the home for 7 years, then rented for almost 2 years before we sold. where do i report this?

Here are the steps to record rental income and expenses and sale of the rental for a loss :

 

  • Sign in to your account and select Pick up where you left off
  •  At the right upper corner, in the search box, type in schedule e and Enter 
  • Select Jump to schedule e
  • On the next screen, Income from Rentals or Royalty Property You Own, answer Yes to Did you have any rental or royalty income and expenses in 2016 for property you own?  
  • Follow prompts
  • On-screen, Do Any of These Situations Apply to This Property?  check I sold or disposed of this property in 2019. Continue through ...
  • On the screen, Your Rental Summary, select Start at the sections where you need to enter information.  At 
  • Sale of Property / Depreciation, select Start
  • Follow prompts
  • On-screen, Depreciation for Your Rental Property, select Yes and follow prompts
  • On-screen, Describe This Asset, select Rental Real Estate Property and Continue, follow prompts
  • On-screen, Tell Us About This Rental Asset, enter information and select Continue
  • On-screen, Tell Us About This Rental Asset, enter information.  
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