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April 19, 2025
Question

I sold a rental property in January 2024. They won't let me deal with this in the rentals section, b/c it was rented zero days. Where do I report the sale?

  • April 19, 2025
  • 1 reply
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Because it was rented zero days, they won't let me handle this in the rentals section; they want to "remove" it. But I don't see anywhere else to report the sale.

    1 reply

    PatriciaV
    Employee
    April 21, 2025

    If the property sold at a gain, you can report this as the Sale of Business Property.  

    1. Find this under Wages & Income >> Less Common Business Situations.
      (Or search for "sale of business property.")
    2. Click Start beside "Sale of Business Property."
    3. Check the box for "Sales of business or rental property that you haven't already reported."
    4. Complete the sale information. Note blue links have helpful information.

     

    But if the sale resulted in a loss, you may need to report it as an Investment Sale (choose "Other" for the type of investment). See Where do I enter investment sales?

     

    Your other option is to report one day of rental use, which will allow you to report the sale of all assets under the Rental Properties topic.

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