I transferred the property to a LLC in 2017.
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Since the property was a rental and you have prior depreciation, enter the property sale in the Rental Property section. You will have to apportion the total sales price among the house and any assets that may have been entered separately (for example new roof, appliances, improvements).
To do this in the TurboTax Home & Business, please follow these steps:
[Edited | 3/26/2020 | 9:37 am PDT]
Since the property was a rental and you have prior depreciation, enter the property sale in the Rental Property section. You will have to apportion the total sales price among the house and any assets that may have been entered separately (for example new roof, appliances, improvements).
To do this in the TurboTax Home & Business, please follow these steps:
[Edited | 3/26/2020 | 9:37 am PDT]
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