Hi
I'm using Turbotax Business. My LLC sold a rental property at a profit, but not sure how to handle the remaining depreciation on the roof which is a separate asset in Turbotax from the main property since I replaced the roof a few years back.
Do I select "sold" or "disposed of by some other means? If I should select "sold", how do I put a value of what it was sold at from the overall selling price of the house and what do I do with the depreciation that was taken already and what about the remaining depreciation? If I should select "disposed of by some other means, and no value is tied to it, what should I do about the depreciation that was already taken and the remaining depreciation that's left?
Thanks
