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Sold Rental Property in 2024 and Depreciation not being carried over.
I sold a rental property in 2024 and checked the box in Turbo Tax that the property was sold. Turbo Tax never asked me anythung else, I had to go to the Business section and enter the sale. However, I wpould assume TurboTax would bring over the prior depreciation. Nothing is in that box.
Any ideas on how to correct this to have Turbo Tax calculate it correctly?
‎February 26, 2025
5:17 AM