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tkrause66
New Member

Somehow a property C was added to my schedule E. I only have two properties. How do I remove Property C at the review stage? It keeps asking me to fill in the info for it

 
2 Replies
GeorgeDenseff
Level 6

Somehow a property C was added to my schedule E. I only have two properties. How do I remove Property C at the review stage? It keeps asking me to fill in the info for it

Go back to where you entered your rental properties and find the one that is there by mistake.  Then delete it.

Carl
Level 15

Somehow a property C was added to my schedule E. I only have two properties. How do I remove Property C at the review stage? It keeps asking me to fill in the info for it

Did you perhaps have a situation where you sold a rental property and acquired another in the same tax year? Possibly a 1031 exchange maybe?

For example, if you sold property A in Apr 2020 and purchased/acquired property C in Sept 2020, then both the old *and* the new property will be reported on the 2020 tax return. The return will show the disposition of property A and the acquisition of property C.

 

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