Rental Property Sale Tax Form - Web total taxes owed for selling the rental property: Report the sale of your rental property on form 4797. Web for more information, refer to publication 523. You should report the sale of the business or rental part on form 4797,. Web follow these steps to report the sale of your rental property on your tax return: With your return open in turbotax, search for rentals. $5,934 depreciation recapture tax + $7,350 capital gains tax = $13,284.
$5,934 depreciation recapture tax + $7,350 capital gains tax = $13,284. Report the sale of your rental property on form 4797. Web total taxes owed for selling the rental property: Web follow these steps to report the sale of your rental property on your tax return: You should report the sale of the business or rental part on form 4797,. Web for more information, refer to publication 523. With your return open in turbotax, search for rentals.