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February 16, 2025
Question

Trying to enter Sale of Rental Property in TurboTax online. When I choose the icon for 'Sale of Property, it does not do anything after asking me for rental days (zero)

  • February 16, 2025
  • 1 reply
  • 0 views
After I choose Sold or Disposed property for one of my rental properties, I entered days rented is zero in 2024 when asked if it was rented every single day, plus I checked it did not attempt to rent in 2024. After that it says you do not need to report this property and shows a button 'Remove this property'. But I want to report a sale. If I click on remove this property, how do I report a Sale? Or do I remove the property and then turbotax will allow me to enter sale of this property. Is there a better way to report sale of rental property? Thanks

    1 reply

    Employee
    February 16, 2025

    @nandapriya65   Namaste Nanda ji

    (a) Is this  property disposed of in the USA ?

    (b) you are US person ( citizen/GreenCard/Resident for tax purposes )?

    The reason for above questions are for treaty considerations.

     

    Which product are you using --  I  use Windows  download  Home & Business.   ?

     Should I assume that you are entering the sale of the asset  under the business income/expenses tab.  And the rental income  portion under  Personal income tab ?

     

    Will circle back once I hear from you --yes ?