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@jenncoley117 wrote:
The turbo tax program only allowed me to choose newly acquired rental property.
You either have to enter the transaction in the Rental property section of the program (as a new asset acquired in 2019 and also indicate it was sold in 2020) or in the Sale of Business Property section.
The turbo tax program only allowed me to choose newly acquired rental property.
Exactly. You acquired it in 2019 and for you it was in fact, newly acquired in 2019. When asked for the date of acquisition/purchase, you will enter whatever date in 2019 that you acquired/purchased it.
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