I have gone back through my rental property. I said I sold the rental property, but it was rented for 94 days. In the depreciation section, I entered the date I sold the house on all of the assets that were still being depreciated. Most of the assets had been completely depreciated. In the house, the price I paid for the land and the house were already entered. As I went through the house and each asset, I answered that the property had been sold, and that it was a rental. TuboTax entered a loss for the 2020 tax year. TurboTax didn't ask for any information about the cost of the sale of the house. There was no place to enter the $30K from the 1099-S. Do I enter that information somewhere else? Do I enter the information under sale of a business or rental property? I thought TurboTax would pull that information forward. Please advise as to what I do now.
