If the storage building was never used as part of a business activity where depreciation was used as an expense you can report the sale following the steps here.
In TurboTax Premier use these
steps after you sign into your account.
-
Federal Taxes Tab
- Wages & Income
- Scroll
to Investment Income
- Show more if applicable
- Stocks,
mutual funds, bonds, other
- Follow the
prompts
- Type of
investment would be "everything else" (image attached)
- Continue to enter your sale description, sale date, how acquired, cost basis and purchase date.
