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February 2, 2025
Question

Issues reporting a rental property sale ("Special Handling Required?")

  • February 2, 2025
  • 1 reply
  • 0 views

Trying to report a simple sale of a rental property (purchased few years ago and was always a rental).
I'm going through the flow of reporting it in the section of my rental properties.
First question is "Did You Stop Using This Asset in 2024?" to which i answer "Yes".
Second question is  "Special Handling Required?"  to which i answer "Yes" since it was a rental property and it satisfies the last condition in that screen ("This asset was a rental, a home office, or a home office improvement within a home."). After clicking "Yes", it never takes me to a place to enter a sale amount.  If I answer NO I get to a screen that allows me to enter the sales information.  But I am still confused if I am answering the "Special Handling Required" question.  
I find this issue extremely upsetting !
Please advise.

1 reply

February 3, 2025

@of1 wrote:

"Special Handling Required?" 

 

 ("This asset was a rental, a home office, or a home office improvement within a home.").

 

"Special Handling" basically means you need to manually figure out where to enter it.

 

However, you might be misinterpreting that line.  I *THINK* it is saying if it is a rental ... WITHIN your personal residence (for example, you live in the home and rent out a room).  If it the home is 100% rental property, "Special Handling" typically does not apply.