@zenmster wrote:
are
improvements, repairs, and selling expenses
actual TT categories? Not seeing at first look in TT
I haven't practiced with this section of Turbotax. In some places, Turbotax has a "guide me" interview that walks you through things like adjustments to basis.
Since this is a rental property, you should already be filing a schedule E for the rental income and expenses. Repairs are listed there. There should be a place in the rental section to indicate "I sold the property this year" which will take you to the capital gains calculation.
@Critter-3
@Carl
Can you advise the taxpayer on where these items go in the actual program?
