Where I enter that I sold the property, the program is asking to put in the sales price, cost basis and fees for the sale of the property. Do I just leave these blank and only put in the sales details in the depreciation section ? Under the wages and income section - I received a 1099-S and turbo tax says I should enter this information under this section. Also, where do you get the amount of $71,000 from? Do I need to add up the depreciation amounts from each year since I have had the property and allocated the rental as an asset?
