LB641,
I feel your pain and frustration. I have been a TTX user for nearly 20 years, and it has faithfully been tracking my rental properties and other financials. In 2021, I sold 5 of my properties and am facing the issue you and others have described over the past couple days (I being one of them). The key thing I have taken away from Carl's responses is that it is the TTX program, not the IRS, that does not properly handle the depreciation recapture of the assets associated with a property. We have to play with the sale price of each asset to convince TTX to report properly. And yes, doesn't seen right to sell a 10-year-old roof for more than you paid for it, just to get TTX to work right. If TTX could at least provide a suggested breakdown of sale price in these situations, they could protect their customers for what Carl warns about 3-5 years down the road. I wonder if you opt to have TTX review your return for a fee, if they would catch/correct the problem. I also wonder how an accountant would report this. I doubt they have to trick the system this way.
