ernielail
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Okay, great! So when I enter the sale price, shouldn't I also subtract the pay off? I'm not seeing where the payoff is accounted for. Does TT do this automatica...
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I've been using turbo tax for several years, but I'm a little stumped here... Shouldn't this be special handling? I haven't always used it as a business propert...
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Also, I have uploaded screenshots of what I'm seeing here...https://lail-tech.com/taxes/TurboTax.pdfI have circled the buttons I'm clicking in red.
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Thanks for your reply! I didn't see a screenshot attached. Could you send that over?
Activity Feed for ernielail
- Cheered Re: Sold Rental Property that used to be my home for ColeenD3. February 10, 2020 10:16 AM
- Cheered Re: Sold a rental property... Where does Turbo Tax take original purchase price into account? for HelenC12. February 10, 2020 10:12 AM
- Posted Sold a rental property... Where does Turbo Tax take original purchase price into account? on Business & farm. February 10, 2020 9:52 AM
- Cheered Re: Sold Rental Property that used to be my home for ColeenD3. February 10, 2020 7:48 AM
- Cheered Re: Sold Rental Property that used to be my home for ColeenD3. February 10, 2020 7:40 AM
- Posted Re: Sold Rental Property that used to be my home on Business & farm. February 10, 2020 7:39 AM
- Posted Re: Sold Rental Property that used to be my home on Business & farm. February 10, 2020 7:36 AM
- Posted Re: Sold Rental Property that used to be my home on Business & farm. February 10, 2020 5:26 AM
- Posted Re: Sold Rental Property that used to be my home on Business & farm. February 10, 2020 2:18 AM
- Posted Tax Year Prior to 2020: Sold Rental Property that used to be my home on Business & farm. February 9, 2020 6:55 PM