I sold my rental property. How do I report that?

Follow these steps to report the sale of your rental property on your tax return:

1. With your return open in TurboTax, search for rentals and then select the Jump to link in the search result.
2. Answer Yes to the question Did you have any income from rentals or royalties?
3. Answer Let's see if you're a real estate professional and Continue.
4. When you get to What are you here to report? select Rental property and Continue.
5. Review Here’s what to expect next and Continue.
6. We'll start with some basic info on your rental - fill in details, property nickname, address, etc.
7. Answer Who owns (rental property)? and Continue.
8. Select proper answer for What type of rental is (rental property)? and Continue.
9. When you hit Tell us about your situation this year check the Sold or disposed of property box along with any other boxes that may apply and Continue.
10. Continue following the onscreen prompts to enter info about your rental property. 
11. Eventually, you'll get to the Review your rental property info screen. On the following screens, we'll ask you to enter all the info we need about your rental property.
12. We'll ask you to report the sale when you get to the Expenses/Assets (Depreciation) section, along with any other pertinent info (like income and expenses).

Tip: Take your time and pay close attention. There's a lot of info and it's easy to miss if you're in a hurry.