I purchased a home in 2003 and converted it to a rental property in 2009. I sold this property in 2020. As I traverse through the sale of property/depreciation section and answer all the questions, I never find a spot that actually talks about the sale. Doesn't seem right to me. Here's what's going on... I edit the residential asset in the "Your Poperty Assets" screen. Next screen is "Review Information" - info transferred from the 2019 return. I then answer yes to the "Did You Stop Using the Asset in 2020? Takes me to the Disposition Information. Per the paragraph - Date of sale entered as 10/30/2020. Date acquired 6/1/2003. "Special Handling Required?" screen then comes up.. and I select yes because the instructions say to Select Yes if the business use percentage of this asset varied during the years I owned the property (personal for the first 5 years, then rental). It then takes me to the Depreciation Deduction Amount screen and tells me what the depreciation deduction is for 2020, and then goes on the "Your Property Assets" screen. Clicking done takes me out of the section.
I did notice under the Special Handling Required page, that if I click the "learn more" link associated with the "business use percentage of this asset varied during the years I owned the property...." I get the following message: "If the business use percentage varied over the life of the asset, the program cannot automatically compute the sale information" - not helpful at all since I have no idea how to manually compute the sale information.
Hoping someone can help with my frustration.
