Solved
I sold my investment property. In last couple of years i deducted depretiation of purchase price and improvements. Will it affect my capital gain/loss?
And where do I enter it. I do not see this question in tt
If it was rented in 2020, enter your income, expenses and sales information in the Rental section. The sales info will be in the depreciation/asset section.
If you had no rental in 2020, enter the sale in Sale of Business Property.
1) Wages and Income
2) Other Business Situations
3) Sale of Business Property
4) Other Property Sales
5) Select Sales of Business or Rental Property that you haven't already reported
6)Choose No to the question, "Do all of the following apply to the property you sold?".
7)Choose Yes to the following screen that asks, "Do any of the following descriptions apply to the items you sold?".
8)Select the type of property from the drop down box.
9)Enter the information for your sale.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
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