Richbarbhamm
Returning Member

Sold Rental Property

We sold our rental condo this year.  I have used the Turbotax program for all 16 years we owned the unit.  Each year I update with annual information.  When I go to update the rental section this year, I indicate property was sold.  On the sale of property/depreciation section I edited the asset for the condo itself with sold date (and all other assets).   However, nowhere does it ask me to enter a sales price?  Many years due to our income level we were was not able to take all of the Loss allowed.  It appears the program is taking this into consideration in the property profile.  I want to make sure we have recapture unclaimed losses now that we are selling the condo.

 

Unfortunately, this event does not seem intuitive to complete on my own.  I would like live support and review, which service should I select to get the support I need.  Thank you, Richard