No, however you must click edit next to each asset and the instructions below may be helpful.
Follow the instructions below.
- 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……. (image in earlier thread)
- And continue to answer the questions
See also here.
You can use the information provided to allocate selling price to the original structure and zero for the renovations.
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