Hi,
I am using TurboTax Premium and already have rental listed from previous years that I sold. I do not have Form 1099-S as it is optional for the agent to send when the gains are below $250K. While filling in the forms, I did indicate that I sold my property this year. When I go to that particular rental home listing, I can see the income, expenses and under "Assets section - Sold rental property"
However when I click on the edit button, it simply shows this screen below
[Ignore the numbers and years as they are placeholders just to show what I see].
Now as per some of the TurboTax help articles, I was waiting to see some walkthrough pop-up so I can enter all the numbers. The automated TurboTax help chat was unhelpful as usual for this simple request, so I asked for a specialist to call me. The first one did not know either and was trying to push me to get Live Tax Advice. If I wanted that, I would have then gone through CPA instead. I searched all over and could not get the information. It was late in the night, so I tried again the next day hoping to get a better specialist to talk to.
The second one was more helpful, and it looks like I need to click on Add an asset, which seems counter intuitive and then enter all the information.
Step 1 -
Step 2:
Step 3:
I hope this is the right way to do it and looking for confirmation from the community. Also, I hope this helps others, as I was very confused and the Automated Support chat was very unhelpful.
