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Since there is not many options for detailing how you arrived at your basis, it is a good idea to keep notes regarding how you calculated it.
Where to enter/edit Sale of Business Property
I don't want to know how to enter it. An amount is appearing on my Income summary page, and I don't know how it got there. I push "Edit" and then it goes into the questions, no indication of an existing property.
I have the same problem., No way to edit the information.,
I have a numer entered but no detail or way to edit
I have the same problem as Paul. No way to edit the information for sale of business property that has already been entered. No detail is given when you select the edit button on sale of business property
To edit the sale of business property entries, you need to go to the business income and expenses section and update the business assets. If the property is associated with a rental property, go to the rental income and expenses section in TurboTax, and work through that section until you see the Assets/Depreciation section. Update that section and go to the asset summary. Edit the property that was sold and work through that section and you will see the property sale entries.
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Small SAAS business
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Tallie
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Level 1
Tallie
Level 1
Tallie
Level 1
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