Investors & landlords

 

When I click on update under sale of property/depreciation and then select edit of Rental House, then it takes me to: 

Did you stop using this asset in 2021?

Select Yes if the item was:

Sold

Stolen

etc.

 

I select Yes, then it takes me to Disposition Information where it asks me the date of sale and date of actual acquisition.  Then it goes into Special Handling where I select No.  Then whether the asset was included in the sale of my main home and I select No.  Then it takes me to the Sales Information page where I enter the allocated sales price and expenses in both improvement and land.  Then it takes me to the question of whether I used this rental property as a personal residence any time after May 6, 1997.

 

When I click done, the summary page then shows what I entered under Business Items / Sale of Business Property.