@TaxNewbe wrote:
Hello DoninGA,
When I come to step 5 of your original instructions, how do I report the sale in the Expenses/Assets (Depreciation) section? Do I add it as an Asset?
Can you help me via web call? I can share my screen where you can direct me.
Thank you,
No I cannot answer you back by web-call or any other means. I am a volunteer on this forum and am not an employee of TurboTax or Intuit.
When you started to enter this property as a rental you were presented with a screen probably labeled Review Your (street address) Rental Summary. You should have selected Assets/Depreciation to enter the property as an Asset. On the Describe this Asset screen you should have selected Rental Real Estate Property.
Then continued to add the Rental Property particulars for this asset.
If you have done this then you should be able to go back through and select the option to sell the Asset.
