Sold a rental property in 2024. Have a 1099-s and a cap gain to enter. In the rental section i have partial year of rental income and expenses. Then i have the assets i had depreciated for several years to deal with. This part is confusing. Do I enter both a 1099-s under the other income section and state the cost and sale? Or just do it all in the assets section? I dont wish to confuse the software or duplicate anything. Also, what is the appropriate way to allocate assets that includes. When i closed them without entering any values they continued to depreciate. I think the depreciation is supposed to stop and become part of ordinary income. Not seeing the amount i depreciation get rolled back in as income. Please help.
