In TurboTax Online, follow these steps to record the sale or disposal of the rental asset.
- at the screen Your Property Assets, click Edit to the right of the asset that was sold.
- At the screen Tell us more about this rental asset. select The item was sold, retired, stolen, destroyed, disposed of, converted to personal use, traded in......
- Enter the date of sale. Click Continue.
- At the screen Did you stop using this asset in 2023, click Yes.
You will want to report the sale or disposal of all of the related improvements and assets.
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