The house sale uses the sale price while the other items need to be marked as sold for $0. The point is to get the remainder of the money spent on those assets subtracted onto your tax return. Follow these steps:
- Return to your rental
- Go to depreciation section
- As you go through the asset summary,
- under Tell Us More, mark that it was sold, retired, stolen, destroyed, etc
- enter the date you stopped using it for rental purpose
- continue
- confirm depreciation
- special handling, select no
- sales information
- enter 0 for sale price
Do this for every asset not fully depreciated except the house since the house gets the actual sales price and sale.
You can upload and switch to a Live Expert doing your return or just get help along the way. Of course, we in Community are still here to help as well.
See here for help to upload.
@LB641
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