larisa322
Returning Member

How to calculate & report in Turbotax the sale of assets that belong to the sold rental property?

How to calculate & report in Turbotax the sale of assets that belong to the sold rental property? By assets I mean assets like appliances, improvements, etc inside of the sold rental property, that were depreciating and not expensed? Do I need to allocate the sale price between the house and all the other assets? Is there any instructions on how do it and how to do it in Turbo tax?