I entered the exactly where you said to using the "Enter One Sale at a Time" area, for Stock, Mutual Funds, Bonds, Other, but I must be doing something wrong, We do owe capital gains taxes according to Schedule D for an amount of gain that is just over $98,000. Our income was very low for the year which may have offset this income.
I entered the sale proceeds of $135,500 with an adjusted basis of $23,059 (after deducting depreciation) and deducted the "Expenses of the Sale" of $14,350 (for Commission, Escrow, Title Ins, etc) and entered the Oregon Dept of Revenue Estimated Withholding of $5420. Turbo Tax is now showing all of the withheld taxes from Oregon as a refund. Since we are deducting the capital gains from the original baiss, I assume were are not "recapturing the depreciation" elsewhere? Thanks for your help!
