Investors & landlords

I'm confused on the terminology most likely. The loan origination fee is spread out over the length of the length of the loan, I thought. Did I set it up wrong in the beginning?

 

Moving on from the last screen.

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This requires a YES, since it was a rental property, right?

 

Edited reply from Fred......................................... 17:55

I just understood this should be a NO from your previous comment.

"Simply edit the property asset and select YES on the screen for "I stopped using this asset in 2020" and just work it through. Since you sold the property, on the "Special Handling Required?" screen, you must select NO."

Going down that path now.

 

Edited reply from Fred......................................... 18:12

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Now I am really confused.

What is the Sales Price of this asset? Do I make it 0 since it gets captured later?

What is the Sales Expense? Is it expecting a tangible asset in this screen? So again it is 0?

 

Done for tonight.

Thanks, Fred