Sold a rental for a gain….lots of assets stored in TurboTax….examples
Let’s say the sale price of the house was $100,000…turbo wants to sell each asset you have…I can put $100000 for the residential and it brings in that depreciation for recapture….let’s say the dishwasher I bought new for $1000 and took the 100% special allowance in that year….I feel like that depreciation needs to be recaptured as well but how do I make turbo do that? I imagine giving it a sales price but it was sold with the house so I don’t know how to allocate it…..would I put $1001 for it and all the non residential assets to show $1 over their basis? If I did that I would put $100,000 minus all those sales prices in the residential sales box?
residential
dishwasher
