You need to dispose of the property by telling the software how and when it was disposed. Follow these directions.
- Down the left side, click Federal.
- Click on Income & Expenses.
- Under Your income and expenses, scroll down to
- Rental properties and royalties, click Edit/Add.
- Do you want to review your rental?, click Yes.
- Under Rent and Royalty Summary, click Edit.
- Click Update to the right of Assets/Depreciation.
- Do you want to go directly to your asset summary?, click Yes and Continue.
- Click Edit to the right of the assets to be disposed.
- Go through several screens until you get to Tell Us More About This Rental Asset.
- Click on This item was sold…….
- And continue to answer the questions.
See also here.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
