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Investors & landlords
Click the Business tab, click Business Income and Expenses, click the start or update button to the right of Rental Properties and Royalties (Sch E), in the Property Profile check the box indicating that you "sold or disposed of this property in 2018", in the Sale of Property/Depreciation section check the box indicating that "the item was sold, retired, stolen....." (do this for each and every asset).
Alternatively, you could enter the sale in the Sale of Business Property section of the program. However, do not do so if you are following the procedure outlined above.
‎October 18, 2019
3:03 PM
1,068 Views