Sold inherited rental property, how do I file?

ConfusedwithTaxes
ConfusedwithTaxes Member Posts: 2 Newcomer
edited April 3 in Filing my taxes

I inherited a property in Nov 2022. I started renting it out in April 2023. Stopped renting it in Feb 2024 and sold in August 2024. Which sections do I go in FreeTax USA? Do I report it as a sold assets, marking it inherited and only needing to do put in my Cost Basis and Sold Price?

or do I need to go into the Rental Income section. Depreciate and select that I sold the property? and in that section put the Cost Basis and Sold Price?

I did receive a 1099-S from the escrow company.

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