Investors & landlords

Close but no cigar. Here is how I fixed it, with TT phone support:

Desktop TT Home and Business

Business

Less Common Business Situations

Sale of Business Property. Then...

  Gain? NO

  Loss.... YES

     Select from drop-down list: "Section 1244 Property"   Hooray!!

     Fill in date acquired, "sold" = bankrupt date. Received: $0. No depreciation.

 

Seems to work!!