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Sale of rental property
I am using Desktop software, not online.
1. My understanding is that the sale of rental property should be in the Business Items, Sale of Business Property. There is no option to show sale of Rental Property under "Rental Properties and Royalties".
Is my understanding correct?
2. The property was sold in the middle of the year, but TT is computing the depreciation for the whole year, and am not able to change/override the depreciation amount.
How to deal with that issue?
‎January 13, 2022
5:57 PM