JamesG1
Expert Alumni

Investors & landlords

These entries will record the sales of a rental asset.

  • At the screen Review your xxx rental summary, click Start/Update to the right of Sale of Property/Depreciation.
  • At the screen Do you want to go directly to your asset summary?, click Yes.
  • At the screen Your property assets, click Edit to the right of the asset(s) disposed of.
  • Continue through the interview questions.
  • At the screen Tell us more about this rental asset, click on The item was sold, retired, stolen, destroyed, disposed of….
  • Enter the date sold/retired from use.
  • Continue through the interview questions.

Did you also enter information directly on an IRS form 4797?  I assume that this is the source of the duplicate entries.

 

 

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