Apologies if this has been explained elsewhere, but after much searching I haven't been able to find the answer. I've owned a rental property (single family home) for several years and use TT to track depreciation. I have one line item in my depreciation report for the structure -- I allocated 75% of the original property purchase price toward the initial cost of the structure. I'm now going to sell the property, and I understand how to enter the sale of this "asset". I can use the same allocation of the sales proceeds for the structure as I did for the initial purchase. So far so good. But land doesn't depreciate, so I never entered it as an "asset". I do see that there is a way to add "land improvements" as an asset, but then TT wants to depreciate it. Does the "Rental Property" section of TT provide a way to encompass the the land sale? Or do I have to handle it separately in the "Investment Income" section?
