having a little trouble getting this in properly and hoping someone might take a quick look.
sold rental prop in 2018 that was acquired in 2011
First i'm trying to enter all the depreciation items but turbotax flags the depreciation schedule I'm copying from previous tax returns done by an accountant. for instance
asset class H land improvement, property type trade or business, accountant used 10yr 200 DB HY, I can only get this in by going to the form and manually entering it. turbotax flags the 10 yr fld in red saying asset class is being overridden, is this ok or is something entered incorrectly.
Next question is on the sale, for the sale price do I use the gross sale price. for instance if the house sold for 100K before commissions and other expenses is that the number I use. then do percentages for all assets on sale price and expenses of sale.
last question. can I deduct any repair expenses (not depreciated) through the years that I deducted in those years. are they considered improvements in any way and can they raise the cost basis of the home.
thanks for any help
