For the appliances that you sold with the property, you'll need to allocate a portion of the sales price to the appliances. So of the $257,000 that was for the building, some small portion of that must be allocated to the appliances. Any reasonable figure can be used. You would reduce the $257,000 by whatever amount you used as a sales price for the appliances, and the rest is for the building.
Let's say you allocate $1000 of the sales price to the appliances. Then you'd show a gain of $277 on the sale ($1000- 723 adjusted basis)
For the furniture that you sold separately, you'll report the sale date and the sales price in the Sale of Property/Depreciation section of TurboTax. The gain or loss will be computed based on that.
For the furniture that you kept, check that the item was sold, retired, disposed of or converted to personal use in the Sale of Property/Depreciation section, but when you are asked for the sales price, leave the box blank. There is no taxable event at this time.
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