To enter the sale of a property in TurboTax Online: Click on the find icon at the top-right corner of the page. Type "cap" in the search bar, select "Capital Gains and Capital Gains Deduction Profile" from the list and click " Go". On the page titled "Your Capital Gains Profile for 2021", select "Sold stocks, bonds, real estate, other capital property, or sold qualified small business corporation shares and/or qualified farm property and you have a capital gain or loss to report". Click "Continue". The Capital Gains page gives you the option to enter a percentage to claim on your spouse's return, so you only have to enter the sale once, if you are preparing your returns together.

Question

I sold a rental property where my wife and I were co-owners, where do I report this income?

Forum|Forum|3 years ago
May 4, 2022
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TurboTaxSusan

To enter the sale of a property in TurboTax Online:

Click on the find icon at the top-right corner of the page.
Type "cap" in the search bar, select "Capital Gains and Capital Gains Deduction Profile" from the list and click " Go".
On the page titled "Your Capital Gains Profile for 2021", select "Sold stocks, bonds, real estate, other capital property, or sold qualified small business corporation shares and/or qualified farm property and you have a capital gain or loss to report". Click "Continue".

The Capital Gains page gives you the option to enter a percentage to claim on your spouse's return, so you only have to enter the sale once, if you are preparing your returns together.