DavidD66
Expert Alumni

Investors & landlords

I'll start by answering your questions about TurboTax Desktop.  You can save all of your information from TurboTax Onlne as a .tax20XX file and then import in to TurboTax Desktop.  You won't lose any of the information you have entered this year, or your historical information.  As for an interview process like TurboTax Online, Yes, it has one.  It also has a "Forms" view.  This allows you to see, and enter data directly on to the tax forms you are working on, but also the underlying schedules.  This functionality may give you the ability to accomplish what you are trying to do. 

 

One way you might be able to accomplish what you are trying to do is to split the sale into two transactions.  Sell the structure and the land separately.  Apply a portion of the proceeds to the sale of the structure that results in a gain that covers the depreciation recapture, and then sell the land as an installment sale using the remainder of the proceeds, which should be the remaining gain. 

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