Hi everyone again that have helping me on my 1099-s.
I was on live call with Turbotax expert last night but could not solve my concern.
I live in Fl has rental house in AZ that was sold in 2022. The house was rented for Jan and Feb of 2022 but no rental fees were collected. The tenant vacated the property with significant damages to the home.
I received subtitute 1099-s with only Box 2 in the amount it was sold.
In turbotax under Rental and Royalty I have $0 in the Rental Income tab.
In the Sale of Property/Depreciation under Your Property Assets Describe This Asset: I click on Rental Real Estate Property then Residential Rental Real Estate under Categorized this asset. The next window I input the cost of the house, cost of land and date of purchase (11/10/2005). At the next window I clicked on The item was sold and put in the sold date (08/11/2022) and the date of first started using it for business 04/1082008). The next window show amount of depreciation of 96103. The window Special handling required ask to select Yes if conditions describe my situation.
"this asset was a rental, a home office, or a home office improvement" so I click yes. The next window is back to Review of rental summery. It never ask for my 1099-s
how come? THank you
