How do I enter property assets for rentals? I have an asset that I have placed in service in 2016. I refinanced in 2021. Turbotax automagically imports the asset from year to year. Do I edit the existing asset entry and modify it as sold or do I leave it alone? As far as entering refinance expenses do I enter only closing costs or the entire amount of the loan? Also, if I don't modify or delete the original entry of the asset. Do I remove that asset next tax season?
