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March 14, 2025
Question

Where do I report the sale of rental property?

  • March 14, 2025
  • 1 reply
  • 0 views
Ive reported it on the rental expense page and then was asked again when reviewing, causing a great increase in tax.

    1 reply

    March 17, 2025

    You reported it in the correct place.  When you sell a rental property you have to recover all of the depreciation deduction that you took over the years and that can lead to a large amount of taxable income.  

     

    @Ktwicks2630 

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