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Investors & landlords
[USE the INTERVIEW}continue to the:
Rental Summary
THEN
.sale of property <---------<<<<<now takes the place of asset ........When you click the update [radio button to right of listed property]
And Then next screen
At the property asset summary screen for your property; click edit to the right of asset
Enter the date of sale (same as the rental property) for each asset or improvement. If you have already
allocated 100% of the sales price, then enter zero for these remaining assets and improvements.
TurboTax will automatically "write off" the remainder of the basis (cost minus depreciation). You don't have
to manually do that.
Generally it maybe rather difficult to know which worksheet is the start of the interview than a worksheet that is the middle of the calculation.[produces an error]