I understand what you are saying above, the problem is that your helpful instruction is different than what Turbo Tax says in the sale of asset/depreciation section. It very clearly states to report the sale information in "this section" section so that capital gains can accurately be calculated. What I and other users have experienced is that the program does not allow you do that. Now, your workaround to go to a separate sale of business section and report sale of a business is what I had to do. But that section says report a sale that is not otherwise reported earlier. So that's confusing. Even had Turbo Tax rep on call and looking at my screen and she was confused and she elevated the issue. Still waiting on call. I went ahead and tried it while waiting and when I added a sale of business property, I had to enter all the information as if Turbo Tax could not connect the sale of the rental property as the same property. I pad for Premier Live and this software is very disappointing. All they had to do was add appropriate interview questions to the Schedule E part to address the sale, cost basis, and make clear to the user that we were getting credit for all the passive activity loss carryovers upon disposition of asset. Will probably not be using Turbo Tax next year.
