Diane
Thanks for your help. I am puzzled by the forms 4562 in regards to depreciation report. It shows a total of 36,726 which is the cost of the building plus a carpet. I also had window covers, refrigerator etc that were fully depreciated . I only see a carpet lister under the cost. That brings my total cost up to 2020 to 36,726.
What happened to the other items. I sold those with the house. My question is: 1.- Do I report their sales as well and if so are they listed somewhere else or do I need to manually enter them? 2.-What do I do with the 36,726 amount listed under cost? I thought turbo tax would transfer all the numbers that I need in their respective fields since it has all the records for this rental except the sale price. I am really frustrated. Hope you can help me with this questions. I appreciate all your help.
