What I am not sure about is: what should I do *this* year for the old property. Obviously I no longer own that property, so I should really delete that from rental income. However, I see that the carryover losses are still attached to each property A and B. Turbotax does not seem to "know" to combine this after last year 1031 exchange filing.
I have zero experience with 1031 exchanges, and any guesses on my part would most likely be wrong.
However, if you flat out sold a property and did not exchange it, then if you correctly and (most importantly) completely reported the sale in the SCH E section of the program, it should not have been imported from the 2019 tax return. If it was imported, then it very well could be fine to just delete it. But before you do that work through each individual asset and confirm beyond any doubt that you show each individual asset as sold.
If you claimed any vehicle use at any time you owned the property, then you need to work through the vehicle expenses section and show the disposition of that vehicle. Now I seriously doubt you sold a vehicle as part of the rental property sale. So you may just need to work through that section and show the vehicle as removed for personal use.
If everything checks out, then deleting that property from the SCH E section of the program would be the way to go.
