If you previously entered the property as a rental, navigate back to the section. Under the Property Profile, indicate that you sold the property and continue until reaching the Rental Summary page.
Under Sale of Property/Depreciation, indicate that you sold the property and its disposal date. Also, select the radio button, No, I have not always used this item 100% of the time for this business. Enter the date you began to use it for business.
This will calculate any depreciation up to the date of the sale and remove the worksheets going forward. Continue to enter the sales price and selling expenses.
You will need to dispose of any other assets under the asset summary the same way, allocating a percentage of the sales price to each. See attachments and link below for reference.
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