- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Turbo Tax incorrectly forces my rental property sale in section 1250 property and there is no way to start over
Here is the deal. Using Deluxe.
I'm trying to enter the sale of a rental property. Nothing unusual, basic condo I held for 10 years and sold at a gain. Straight line depreciation.
From what I read this should be a 1231 property. But Turbo Tax has it listed as a 1250 property in form 4797.
I can't figure out how to fix this. It gives me no control over the form, and I can't even delete the section and start over.
This program really has issues.
‎February 16, 2023
5:47 PM