PatriciaV
Expert Alumni

Get your taxes done using TurboTax

If you were able to correct your entries for the Rental Asset and have depreciation, the asset is still part of your Rental Property. To confirm this is true, go to Federal >> Income and click Edit/Add beside Rental Properties and Royalties:

  1. Click Edit beside the Rental Property you wish to review.
  2. Find the Assets section (it may say Sale of Assets).
  3. Click Edit and review your list of Property Assets.
  4. Click Edit beside the asset you did not sell and review your answers.
  5. On the page "Tell US More About This Rental Asset" be sure you did not check the box for "The item was sold, retired, stolen..." and no date appears in the "Date you sold" box.
  6. Correcting these items should eliminate the questions about the asset sale.
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