Skip to main content
February 19, 2025
Question

Where to I input the particulars of the 2024 sale of a rental property.

  • February 19, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    February 19, 2025

    Follow these steps to input the particulars of the sale of your rental property on your tax return:

    1. Open or continue your return.
    2. Navigate to the rentals section:
      • TurboTax Online/Mobile: Go to rentals.
      • TurboTax Desktop: Select Search Topics. Search for and select rentals.
    3. Answer Yes to the question Did you have any income from rentals or royalties?
    4. 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).

    Tip: Take your time and pay close attention. There's a lot of info and it's easy to miss if you're in a hurry.