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Income and expense accrued the year after a property sale

I have a multi-member LLC that sold a property in late December 2022.  The LLC received income and expenses from the property in early 2023. How do I report the income and expenses in 2023 when there is no longer an asset on the books that generated the income and expense?

 

Thanks,

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2 Replies

Income and expense accrued the year after a property sale

Is the property rental real estate?

 

If so, simply enter the income and expenses in the Rental Properties and Royalties section of the program.

Income and expense accrued the year after a property sale

It was rental real estate.  The issue is that the real estate was disposed of in the 2022 tax return, so there is no longer any real estate asset on the books.

Thanks,

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