@Ven-101 wrote
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".
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.
1a) In most cases, no. In most cases it is reported in the Rental section (unless the "Special Situations" screen applies, see answer for 1b).
1b) In the introductory part of the rental section (where you enter the address, etc.), check the box it was sold. Then you need to go EACH "asset" that you were depreciating, and check that the "asset" was sold. Keep going through that asset, and it will ask you for the sales information.
2) When you go through the assets (see 1b), you will enter the date it was sold, that that will prorate the depreciation.
