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Investors & landlords
The steps in TurboTax Premium for Windows are the same for the Mac version after you access the property assets for depreciation.
- Choose the rental property you sold, then go to Assets/Depreciation and Start/Update/Edit.
- Choose "Yes, I want to go to my asset summary."
- From the list of assets, edit/update an asset.
- Follow the prompts to answer Yes, you stopped using this asset.
- Follow the prompts to answer questions about this asset.
- On the page "Sales Information," enter the allocated sales price and selling expenses for this asset.
- Continue back to the list of assets.
- Repeat Steps 3-7 for each asset.
- Click Done.
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March 17, 2025
1:57 PM