Follow these directions.
- At the screen Your property assets, click on Edit for the rental property.
- At the screen Describe this asset, click on Rental real estate property.
- At the screen Tell us a little more about your rental asset, click on Residential rental real estate.
- At the screen Tell us about this rental asset, enter the cost, cost of land and date purchased. (Land is a portion of the cost of the property.)
- At the screen Tell us more about this rental asset, click on I purchased this asset new. Have you used this item 100%, click Yes.
- Click on The item was sold, retired, stolen, destroyed, disposed of, converted to personal use, traded in, or given away.
- Enter the date sold or retired from use.
- At the screen Confirm your prior depreciation, verify the prior depreciation computed.
- Continue through the screens
- At the screen Sales Information, enter the sales price.
- Proceed through several screens until you end back at Your property assets. You may have several assets to retire or report as sold. Cycle through each asset.
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