turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

"Your property assets" section. "Be sure to enter your sales information in this section so we can calculate your capital gain or loss." How do I enter this?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PatriciaV
Employee Tax Expert

"Your property assets" section. "Be sure to enter your sales information in this section so we can calculate your capital gain or loss." How do I enter this?

It depends on the type of asset you sold or stopped using. In most cases, when you report that you sold an asset, TurboTax will ask you for the sale information later in the asset interview section.

Begin by clicking Edit/Update next to Asset/Depreciation (or Sale of Assets/Depreciation) from the summary page for your business/farm/rental property. Continue to the Asset Summary page, then click Start/Update beside the asset that you sold.

Continue to a page like "Did you stop using...?" or "Tell us more..." where you can indicate that you sold the asset. Follow the prompts to enter the sales price and any selling expenses. Be sure to read the blue links ("Learn More") if you need help on any screens.

Your entries in this section will report the sale on the appropriate forms of your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question