Questions & Answers

What if I sold property that has been used for business or rental purposes?

If your sold property was used for a business in 2019, enter the property here:
Menu Path: Income > Business Income > Business Income (Schedule C)

If your sold property was used for a farm in 2019, enter the property here:
Menu Path: Income > Business Income > Farm Income (Schedule F)

If your sold property was used for a rental in 2019, enter the property here:
Menu Path: Income > Business Income > Rental Income (Schedule E)

If your sold property was not used for business or rental purposes in 2019, but has been used for business or rental purposes in prior years, enter the business portion of the property here:
Menu Path: Income > Business Income > Sale of Business Assets

If you sold your main home and have taken depreciation on your home, enter the property here:
Menu Path: Income > Uncommon Income > Sale of Main Home

If your second home or vacation home was ever used for business or rental purposes, only enter the personal portion as an investment sale. Enter the business or rental portion on the correct screen listed above.

Where do I enter assets that have been used for both business and personal use?

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