Report the sale in the Sale of Business
Property section. To navigate to the section:
- In your open return, select My Account
- Tools
- Topic Search
- Type 'sale of business property' in
the box, then select GO
Enter basis, sales prices and other costs. You
will need the prior accumulated depreciation taken for the rental property.
TurboTax will not calculate this for you. Look to your 2015 depreciation report
for the accumulated depreciation taken.
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