Hello all,
Bought a house in 2001 lives there until 2007.
In 2007 we bought another house and kept renting the first one out.
Been using turbo tax to track this original property since we turned it into a rental. At that time (2007) TT asked for all the pertinent info like cost of the house etc.
We sold the property in 2019.
I'm going through the screens in TT, imported previous year(as always have done)
First screen is business income
Go to rental properties>property profile
I mark 'sold or disposed of this property in 2019'
I have passive activity real estate losses carried over - so that box is checked
Click continue, carryover losses show and continue to click through the screens
Go through rental income
Expenses
Sale of property or disposition
go to assets
i have only a few assets such as appliances. I edit those and choose i sold this asset, choosing the date of the sale of the home.
My house isnt listed in the asset sheet.
Do I need to add the house here as an asset and go through the information?