- I would use a workaround, in TurboTax (TT).
In TurboTax (TT), enter at:
- Federal Taxes tab
- Wages & Income
Scroll down to:
-Business Items
- Sale of Business Property
Don't try to separate the various assets (house, land, roof). Add all the cost bases together and enter one number, as your. Enter the total sales price. Your personal use is irrelevant, at this point. You will be asked to enter the total depreciation that you actually claimed over the years.
If you know there was a loss on the golf cart, then don't enter it at all (exclude it from the sale price and cost basis). A loss on the sale of a personal use asset is not allowed (it's not deductible).
