Follow these steps to report the sale of your rental property on your tax return: Open or continue your return. 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?

2019年6月7日 · Reporting the Sale of Rental Property. If you qualify for the "lived in 2 of last 5 years" capital gains ...

2023年4月13日 · I am using Turbo Tax Premier on Desktop (Windows). I need help in reporting the sale of rental property in 2022. Here are the details: - Bought a townhouse (property 1) as primary property in Oct, 2007 for $256, 500. - Lived in the property (primary residence) through March, 2015. Bought a new prima...

2023年11月13日 · In Turbotax you use the home sale worksheet. in addition to indicating the depreciation allowed or allowable while a rental you must indicate the period of non-qualified use. non-qualified use is the period it was a rental. for example, say you acquired the rental 1/1/1998 and converted it to residence on 1/1/2016.

2022年4月6日 · I am using Turbo Tax Premier on Desktop (Windows). I need help in reporting the sale of rental property in 2021. Here are the details: Bought the single family home (property 1) as primary property in 2006 for $400,000 Lived in the property (primary residence) through 2013. Bought a new primary re...

2019年6月7日 · Reporting Sale of Rental Property If you are filing by mail, and you elect to “print and file” when finished, be aware the program only prints those forms required for filing. So you should print it again electing to print E-V-E-R-Y-T-H-I-N …

2022年2月28日 · Otherwise, here's the guidance on reporting the sale of rental property. Reporting the Sale of Rental Property. If you qualify for the "lived in 2 of last 5 years" capital gains exclusion, then when prompted you WILL indicate that …

2022年2月7日 · The sale of business or rental property would show on Form 4797 Sale of Business Property and then flow to schedule D and/or schedule 1, line 4. Any depreciation that was recaptured would be reported as ordinary income on schedule 1 and the balance of your gain would show on schedule D, line 11 as capital gain income.

2022年2月23日 · I am using TT Premier on Desktop version (Windows computer). I am having an issue with how to report the sale of rental property in 2021. Here are the details: Bought the property as my home in 2006 for $410,450 Lived in the property myself (own residence) through 2014 Put it for rent in 2014 (I ...

Back in 2011, I inherited a home in CA with my sister and rented the joint property until 2016. After bad tenant experiences and home theft between leases, we decided to have my sister and her family move in. I stayed in the joint property when I visited CA, and she used the CA property as her primary residence until we sold it last year.