Question

TurboTax 2022 - where do I enter sale amount for a rental property I sold?

Forum|Forum|2 years ago
January 7, 2024
2 replies
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I have been through the Sale of Property / Depreciation section of TurboTax about 20 times in detail and I have seen no place to enter the sale price of my rental property that I sold in 2022. Where can I enter that sale price?

A

Anonymous_

Employee

Did you indicate that the property was sold in both the Property Profile section and the Assets/Depreciation section?

Critter-3

See this TurboTax support FAQ for the sale of a rental property - https://ttlc.intuit.com/turbotax-support/en-us/help-article/real-property/sold-rental-property-repor...

First you indicate you sold the property in the Sch E rental info section and then you will sell off all of the assets listed in the asset section that are being depreciated. If you have not been depreciating the property as required then you will need professional assistance to file this return correctly as the form 3115 is not a DIY project.

A

Anonymous_

Employee

I forgot to mention that there is a box you need to check in the Assets/Depreciation section indicating that you sold the property and it should prompt you to input the date of the sale.