Yes, you can remove the assets by simply deleting them from your return.
To do this in TurboTax Online you can follow these steps:
- Open or continue your return in TurboTax
- Use the magnifying glass icon to search for Schedule E and click the Jump to link in the results
- Click Edit for your rental property you need to delete the assets for
- Scroll down to the Assets section and Edit for the asset(s) type
- On the summary screen for the assets, click the pencil icon to see the summary list of the specific assets
- Click Delete for the assets you retired
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