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Deductions & credits
If you have been reporting the rentals in the TT program AND properly depreciating the assets then you will divide the sales price and the cost of sale in any reasonable method you wish and then you will indicate that each asset was sold in the proper Sch E sections ... either go thru the program slowly and read all the screens to sell off all the assets OR upgrade to a LIVE help option OR use a local tax pro for this return ... what ever makes you feel the best.
‎February 16, 2022
10:41 AM