RENTAL PROPERTY

Forum|Forum|4 years ago
May 12, 2022
1 reply
9 views

RENTAL PROPERTY SOLD WITH CAPITAL GAIN - HOW TO ADJUST CARRY FORWARD RENTAL LOSSES IN THE TAX RETURN - WHICH FORM TO USE - SOLD RENTAL PROPERTY WITH A CAPITAL GAIN OF $ 20,500/- AND HAING CARRY FORWARD RENTAL LOSSES OF $ 15000/-

HOW TO ADJUST THIS CARRY FORWARD LOSSES - IN THE 1040 COPY OR ANY OTHER FORM OF RENTAL PROPERTY

ProSeries Basic

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Mark Box H at the top of the Sch E worksheet, that will release suspended losses.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

C

corinne91

Level 4

i am new at this one, client sold his residental rental property that I have listed on sch e for a couple of years now can you point me in the right direction to how to report this sale

thank you

cr

qbteachmt

Level 15

@corinne91

You asked the same question as your own topic, last year, and get replies, follow this link:

https://accountants.intuit.com/community/proseries-tax-discussions/discussion/sale-of-residential-rental-income/00/256400

This year, you are posting updates in other people's old topics from prior tax years. If you have new question for the new tax year, you should start it as your own topic.

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