depreciation recapture

jamart2002 — Mon, 03 May 2021 02:12:11 GMT

I sold rental property early last year. received no rent, just a sale. I can't find where to address depreciation recapture. Using Turbo Tax Home & Business.

Re: depreciation recapture

ColeenD3 — Mon, 03 May 2021 02:22:59 GMT

Enter it in Sale of Business Property.

1) Wages and Income

2) Other Business Situations

3) Sale of Business Property

4) Other Property Sales

5) Select Sales of Business or Rental Property that you haven't already reported

6)Choose No to the question, "Do all of the following apply to the property you sold?".

7)Choose Yes to the following screen that asks, "Do any of the following descriptions apply to the items you sold?".

8)Select the type of property from the drop down box.

9)Enter the information for your sale.

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depreciation recapture

Re: depreciation recapture