110PR
Level 1

How to enter the sale of a rental property in 2021 tax program?

Just looking for how to enter the sale of a rental property in the 2021 program.

‎April 10, 2022 6:54 PM
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lamanhcb
Level 5

Investors and rental owners

The details of your rental property sale are entered in TurboTax under the "Investments Profile". You can get there in the EasyStep view by:

  • Go to Income & Expenses > Investments Profile > check the top box "Capital Gains or Losses"
  • Continue to the Capital Gains Profile page, check the top box "Sold stocks, bonds, real estate or other capital property", continue
  • Check done on the next screen 
  • Check box "Sold real estate & depreciable property" and continue to the page where you will be asked for these entries.

Thank you for using TurboTax

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‎April 12, 2022 10:21 AM
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110PR
Level 1

Investors and rental owners

Thank you.  I have another question. I have filled in the "Real Estate and Deprecible Property" info but ehrn I get to the Rental details there is form T776 asking for class, property id, proceeds and personal.

I believe the class is 1 and the address is for the next field but what is the figure for "proceeds" and "Personal"?

‎April 13, 2022 12:01 PM
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