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Investors & landlords
If I report the rental sale in the Sale of Business Property section then how do I close out the rental in the asset/depreciation section under Rental and Royalites? (I had the rental house itself listed as asset and took depreciation on). What do I enter for the Assest Sale (Buiness portion only), Asst Sales Expenses..etc? If I leave it blank then I dont know if TT will close out the asset. If I enter Zero then refund dramatically increases, which I know cant be correct.
‎February 16, 2020
2:01 PM