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Investors & landlords
There is a second box you have to check to report the sale several steps into the Sale of Property/Depreciation Section
Follow these steps to report the sale
- From the Sale of Property/Depreciation section
- Answer YES to Do you have assets for this property that can be depreciated, Hit Continue
- Answer Yes or No (whichever applies) to Did you buy any items for any business, rental property and or farm that costs $2,500 or less
- Answer yes or not to Did you make Improvements to the house
- Next select Rental Real Estate Property on Describe this Asset
- Select Residential Real Estate on the Tell Us a Little More about your rental asset
- Enter the Address and the Cost, Cost of Land and Date Purchased or Acquired select next
- On the next screen select "The item was sold, retired, stolen, destroyed, disposed of, converted to personal use, traded in
- Enter the Date Sold
- Answer whether or not it was always 100% for business use
- Enter the date you first started using it if not always for business
- Continue through the questions to enter your sales information.
At that point, if you are still having issues with the Easy step entries you can select Forms and you will be taken directly to the form to fill out any information the Easy Step mode is not allowing you to enter.
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‎January 16, 2025
10:44 AM
2,106 Views