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hmt90a
Returning Member

Change sold status

I accidentally marked a fixed asset as sold the deleted the date sold and now it's showing an error on the blank date sold field. (I didn't sell the asset.) Now, TT is stuck in an error loop because I didn't put a sales price. How can I convince the software I didn't actually sell the asset?

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1 Reply
AliciaP1
Expert Alumni

Change sold status

You can edit the asset to uncheck the box marking the asset as sold.

 

To do this in TurboTax Online you can follow these steps:

  1. Within your tax return use the magnifying glass icon to search for Schedule C
  2. Click the Jump to link
  3. Click Edit or Review for the line of work the asset is under
  4. Scroll to and click Edit for Assets
  5. Click Yes on the Do you want to go directly to your asset summary? screen
  6. Click Edit for the asset you need to change
  7. Continue through the questions until you get to the Tell Us More About This Asset / Large Purchase screen
  8. Uncheck the This item was sold... line 
  9. Make sure any other boxes are checked as they should be and Continue through the questions for this asset
  10. Proceed entering/reviewing your return.
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