Form 4562

[johnnyt1355]

The form 4562 has multipile Total colums. It has Cost net of land, Land, Section 179, Deperciable Basis, Prior depreciation, current depreciation and Adjustment preferences. Which one do I use to put in for the sale of a rental property?

[GiseleD]

Here are the instructions for Form 4562. Reporting the sale of a rental property can be tricky, and you will use more than one of those columns. You may want to follow the guided interview questions in TurboTax to properly report this. Here's how:

1) Search sale of rental property in TurboTax.

2) Click the Jump to link, and follow the guided interview.