Yes, to revise the sale information you have entered, go back to your Rental Property in TurboTax Online under Federal >> Income & Expenses >> Rental Properties and Royalties (Sch E).
- Scroll down to Assets and click "Edit" to the right of Sold rental Property.
- Click "Edit" to the right of the house/land asset that you sold.
- Continue through the interview to "Tell Us About This Rental Asset."
- You may revise the Cost of Land on this page.
- Continue through the interview to the Sales Information page and revise any information about sale if needed.
- Continue through the interview until you're back to the Rental Property Info page.
The steps are basically the same for TurboTax CD/Download, although some pages may have different titles.
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