How do I enter rental property sale information? Purchased: 2005, convert to rental: 2013, sold: 2019. b/c the business use % varied, TurboTax says it can't compute.

When I try to report the sale under the "Sale/Depreciation", it says that Turbo Tax can't compute due to special circumstances (since the business use varied during the time we owned the asset). Where do I enter the information regarding the sale?

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Expert Alumni

Feb 17, 2020 3:11:23 PM

What do you mean the business use varied? It was personal, 100%. Then it became business, 100%.

When the business use percentage varies each year, TurboTax cannot automatically calculate the disposition of an asset. You will need to make manual adjustments to the return.

However, if the rental property was rented 100% for the last six years (the entire time it was a rental property), then the business use percentage did not change, and you can answer no to this question.

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How do I enter rental property sale information? Purchased: 2005, convert to rental: 2013, sold: 2019. b/c the business use % varied, TurboTax says it can't compute.