I bought a house in '99. I lived in it for 3 yrs & then rented it. I sold it in 2018 for the loan balance $50K. The orig. price was approx $48K. Do I need to file profit?

You need to enter everything through the rental section. Set up the property, enter your income and expenses, go thorough the depreciation section. You will have two places to indicate the sale. See the screen shots below.

To enter the rental:

Go into your TurboTax return. Not sure you're in there? Click on the orange Take me to my return button.

1. Search for rentals and then click the "Jump to" link in the search result.
2. Answer Yes to the question Did you have any rental or royalty income and expenses?
3. Follow the on-screen instructions as you proceed through the rental and royalties section.

• We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.) 
• Eventually, you'll come to the Rental Summary screen which is where you enter your:
• Rental income
• Rental expenses
• Capital assets and depreciation
• Vehicle expenses

If you're also filing a nonresident state return to report income from an out-of-state rental property, be sure to complete your nonresident state return before you prepare your resident state return when you get to the State Taxes section.