The entire rental activity, income and expenses, and asset being depreciated and sold, should be entered in TurboTax for a disregarded entity so that the income and expenses will appear on Schedule E and the sale information will appear on Form 4797 / Schedule D as appropriate.
All of this should be done in Interview / Step-by-step mode so that all of of the relevant questions are answered. See this help article for information on entering the income and expenses.
You can also import information from Quicken or QuickBooks if applicable. There is a screen in the interview for that.
If you would like assistance with the interview, see this help article for information on how to get a live session with an Expert.
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