Sell of rental property

A couple years ago I created an LLC for my rental property and claim rents, and expenses on schedule C. I sold my rental last year. How do I report the sale on my tax return?

posted

In TurboTax Online, the sale of a business asset is reported under Self-Employment >> Business Income >> Assets. Continue through the interview until you see the question "Did you stop using this asset in 20xx?" Click Yes and follow the prompts to report the sale.

If you are using a different version of TurboTax, please provide that information in a response to this post.

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