Your answer depends on whether your rental property is still in the rental section of TurboTax and what you did in TurboTax in 2019.
Check your 2019 tax return for a Schedule E for the property.
TurboTax will automatically calculate depreciation so if you had the rental listed in TurboTax in 2019 you may have filed a return with no rental income or expenses except depreciation, unless you told TurboTax you took the rental out of service.
TurboTax will calculate 2020 deprecation as well.
If that’s what happened, you can amend your 2019 return.
If you removed the rental in 2019 from TurboTax you can enter the disposition under Sale of Business Property. You can also delete the rental from 2020 if it’s still there and do the same thing since it was not used as a rental since 2018. Use the total deprecation (accumulated and amount claimed for 2018) from your 2018 return.
- Click on Federal in the left column
- Wages & Income at the top
- Scroll down to Other Business Situations
- Select Sale of Business Property
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