Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Feb 18, 2020 12:29:20 PM

How do I get to screen to correct purchase amount for rental real estate? I can revisit other screens for expenses and income but not for purchase price.

0 2 631
1 Best answer
Employee Tax Expert
Feb 18, 2020 12:52:39 PM

You should be able to edit this information in the Assets/Depreciation section.

 

Go into the federal program.

  1. Select "Income & expenses"
  2. Select "Rental Properties and Royalties (Sch E)
  3. Say yes to reviewing your information and continue through the screens until you see the "Rental and Royalty Summary".
  4. Select Edit to the right of the Assets/Depreciation.

When you see Do you want to go directly to your asset summary?, select Yes.  

The next screen will show you the assets and you can edit your information here.

 

2 Replies
Employee Tax Expert
Feb 18, 2020 12:52:39 PM

You should be able to edit this information in the Assets/Depreciation section.

 

Go into the federal program.

  1. Select "Income & expenses"
  2. Select "Rental Properties and Royalties (Sch E)
  3. Say yes to reviewing your information and continue through the screens until you see the "Rental and Royalty Summary".
  4. Select Edit to the right of the Assets/Depreciation.

When you see Do you want to go directly to your asset summary?, select Yes.  

The next screen will show you the assets and you can edit your information here.

 

Level 1
Feb 19, 2020 12:33:52 PM

Thank you so much for this help.