You need to dispose of the property by telling the software how and when it was disposed of. Follow these directions.
- Down the left side, click Federal
- Click on Income & Expenses
- Under Your income and expenses, scroll down to
- Rental properties and royalties, click Edit/Add
- Do you want to review your rental?, click Yes
- Under Rent and Royalty Summary, click Edit
- Click Update to the right of Assets/Depreciation.
- Do you want to go directly to your asset summary?, click Yes and Continue
- Click Edit to the right of the assets to be disposed
- Go through several screens until you get to Tell Us More About This Rental Asset
- Click on This item was sold…….
- And continue to answer the questions
See also here.
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