Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
English EN

Pick a language

Canada Français United States of America English
cancel
Showing results for 
Search instead for 
Did you mean: 
jasonwatt1969
New Member

How do i enter the sale of a rental property?

 
1 Reply
ayseleren18
Level 6

How do i enter the sale of a rental property?

Thank you for choosing TurboTax,

As per CRA, if you sell a rental property for more than it cost, you may have a capital gain.

Follow these steps to enter the selling of your rental property in TurboTax,

 

  • Select the image of the magnifying glass (or Find) in the upper-right area of TurboTax
  • Enter “capital” in the Find window
  • Select "capital gains and capital gains deduction profile" from the list of results, and then select Go
  • 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" from the list of results, and then click "Continue"
  • Enter the details of your disposition in 2020.
v