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Deductions & credits
If you are reporting the sale within the Rental Property topic and the asset has been entered for depreciation, TurboTax will calculate the appropriate depreciation expense for the period before the sale.
To check that the correct amount of accumulated depreciation is reported for the sale, look for the Depreciation Report (a worksheet in your tax return). The total depreciation to be taken for the sale is the sum of prior and current depreciation for the asset on that report.
To see this report, follow these instructions: How do I get a PDF of my return?
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March 2, 2025
12:01 PM