Thank you. One example is that we made landscape improvements in 2020 (pavers, bbq structure, artificial turf) with a total of $3732. 100% business use... prior depreciation is $416.
Sold the rental home this year in April which I also have entered "Residential" property. In total I have the following assets:
- Mortgage Origination points
- Residential - property
- Landscaping (pavers, turf, bbq structure)
- Refinancing fees
- windows
When I go to edit each of the assets a screen is displayed that shows "Description, date, asset type, cost, business %, Prior deprec). I state that it was sold as part of the 'sale of the main home'. After a few more screens I get the "Sales Information" (Asset Sales Price, Asset Sales Expense, Land Sales Price, Land Sales Expenses and Property Type). This is where I am not sure what to enter.
Thank you.
Jeff
