turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

jboles44
Level 1
Member profile
Latest badges earned
  • So Turbo Tax shows 34,783 in depreciation and I should deduct that from the figure I am putting in as the Expenses or does Turbo Tax take it out already since i...
    jboles44
    1
    Updated Feb 10, 2020
  • Just to confirm. I put in as Sales $87600. Then for costs I put $92584.00 (original cost) + closing costs of $8,274 (Total of $100858).
    jboles44
    3
    Updated Feb 10, 2020
  • Thanks for the instructions. I have calculated and put those figures in. I am putting them into Schedule E under the rental section. Final question - then do I ...
    jboles44
    5
    Updated Feb 10, 2020
  • So, I enter the $87,600 under the Sales Price and put nothing in the Land box? What expenses can I deduct then? The cost of this property was $92,584.00 per wha...
    jboles44
    Updated Feb 10, 2020
Activity Feed for jboles44
Membership stats
Manage cookies