Follow these steps to input the particulars of 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? 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.

Question

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

Forum|Forum|1 year ago
February 19, 2025
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SabrinaD2

Follow these steps to input the particulars of 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?
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).