Follow these steps to report the sale of your rental property on your tax return in TurboTax: Open or continue your return - Be sure you are logged in for link below to work: Navigate to the rentals section: TurboTax Online/Mobile: Go to rentals. TurboTax Desktop: Select Search Topics. Search for and select rentals. Answer Yes to the question Did you have any income from rentals or royalties? Follow the on-screen instructions. We'll ask you to report the sale when you get to the Expenses/Assets (Depreciation) section, along with any other pertinent info (like income and expenses).

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caroleicher

Question

Sold.a.rental property

Forum|Forum|1 year ago
February 16, 2025
1 reply
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SabrinaD2

Follow these steps to report the sale of your rental property on your tax return in TurboTax:

Open or continue your return - Be sure you are logged in for link below to work:
Navigate to the rentals section:
- TurboTax Online/Mobile: Go to rentals.
- TurboTax Desktop: Select Search Topics. Search for and select rentals.
Answer Yes to the question Did you have any income from rentals or royalties?
Follow the on-screen instructions. We'll ask you to report the sale when you get to the Expenses/Assets (Depreciation) section, along with any other pertinent info (like income and expenses).