Disposing of a Farm Asset is reported in several steps of the Farming topic in TurboTax Business.
Under Farm Assets, be sure you have entered all your assets, including those you sold. The information you enter here determines the outcome of the sale you record later.
Under Dispose of Farm Property, answer "yes," you have sales to report. If the asset you need to sell is not listed on the Select Disposed Asset page, you can use the link at the bottom "Asset Not Listed?" to enter another asset.
For each sold asset, click Edit, then follow the prompts to record how you disposed of the asset and the sales information (if any).
Because you are selling farm assets, you would not report these transactions under the Dispose of Business Property topic on the Income page. Special forms are used to report farming activity, so be sure you use that main topic for all your farm activity.
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