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Level 1
posted Apr 30, 2022 2:52:08 PM

In 2021 I sold one of my rental properties. where do I report this information in TurboTax?

where to enter information about the income from the contract work?

0 1 192
1 Replies
Level 3
May 3, 2022 8:30:45 AM

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.

As per the contract work you mention in your question, please see our TurboTax article: Claiming Expenses on Rental Properties.

 

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