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If you're in the Rental & Royalty Income section of the program, the only place you're asked for sales information, is in the Assets/Depreciation section.
As you work through each asset, you are presented a screen asking "Did you stop using this asset in 2022?". If you answered that question YES, you need to go back and answer it NO.
Now, if you stopped renting out the property, that's the only way you would answer that question YES. If this is your case, then the next screen would ask "Special Handling Required?" If you answered that screen NO, then you're telling the program you sold that asset, and you will be forced to enter sales information.
Thanks Carl. I will give that a try.
i have the same situation--when I completed my rental inputs - I own a rental but did not sell in 2022; during the fed review, it started to ask my for acquisiton and sales dates and prices...why? I had used TT for the past 5 years and this NEVER happened
is the software broken??
it's important to make sure the information in your return is correct. To review the question about a sale of your property you should use the following steps:
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