Question

Rental sold and was vacant all of 2022

Forum|Forum|3 years ago
April 7, 2023
1 reply
0 views

My last tenant was in late 2021, I sold the rental property in 2022, so I made no income in 2022.

Using TT Premier, where do I enter the income from the sale of the rental and/or expenses for the sale.
Even after I declare my rental as sold, I enter 0/0 days for income, and then it tells me that I should delete the property.

Baffled. Any help appreciated.

TurboTax Premier Online

T

ThomasM125

You need to edit the asset entry for the house and indicate that you sold it. Then, you will see a screen where you can enter the sales proceeds so the gain or loss can be reported.

If you have other assets that you entered, you will need to report them as sold also, by allocating a portion of the sales price to them or entering $0 for the sales price if there wasn't a separate sales price assigned to them.

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