I have a rental property which I have been filing every year on turbotax. I finally sold the property. Turbotax isn't calculating depreciation for me. How to do it?

[arazi13]

Turbotax created a new section under Your income and expenses, names it Sale of Home. But when I go through this section it is not calculating the depreciation. How can I make turbotax do that?

[JulieS]

The sale of a rental property should be reported in the Asset section of the rental interview. The Sale of Home section is used to report the sale of the house that was your personal residence.

1. In the Asset section of the rental interview, select Edit for the building. 
2. On the screen, Tell Us More About This Rental Asset, select This asset was sold, retired, stolen, destroyed, etc. 
3. In the date box that pops up, enter the date of the sale. 
4. Continue through the section.
5. You will be asked about depreciation, the sale price, the expenses of sale and some special situations that may apply.
6. If you have other assets for this property, report them disposed of in the same way.