Thank you for your help!
I have another question for you. I've gone through the 'sale of property/depreciation' section. Since I sold the property for a gain, I'm showing a gain ($1) for each of the assets.
One of those assets is refinancing from several years ago. I'm getting an error when turbotax checks for errors when I'm finished with my federal taxes input. The error states that the asset sales price should be blank based on my entry for amortization code section. This intangible is not considered Section 1245 property.
What should I do in this situation?
