If this is for a rental, first enter the 2023 income and expenses for that rental.
Go to the "Property Profile" section and complete the interview
On the third screen in, you're asked "Do Any of These Situations Apply to This Property"
Be sure to select "SOLD ""I sold or disposed this property in 2023" and any other situations you might have, such as passive loss carryovers
CONTINUE until you get to the "Review Your Rental Summary" screen
IF THE PROPERTY HAS NOT BEEN ENTERED IN YOUR TURBOTAX PROGRAM-
Select "Sale of Property/Depreciation" from the list
Enter that details of the rental, including the cost/basis of the building and the land.
ON THE "TELL US MORE ABOUT THIS RENTAL ASSET" be sure to select "This item was sold, retired, stolen, destroyed, disposed of...."
The date sold
as well as any other items, such as "I purchased this asset" and if you have always used this as a rental.
CONTINUE
(if you loose your place, you may need to go into the "Rental and Royalties" section
Answer "Yes" to "Do you want to review your rental and royalty information?'
Select the answer for "Real Estate Professionals" and CONTINUE)
Select EDIT for the property from the list on the "Rental and Royalty Summary" screen
Select Sale of Property/Depreciation
Select "Yes" to "Do you want to go directly to your asset summary?" CONTINUE
Select EDIT for the property
Continue through the interview reporting that it was sold
Continue to enter the sale price and expenses for the land and building
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