Mustapha Ratib
Level 4
05-24-2021
09:12 PM
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Hi All,
I want to make sure I followed the right steps to dispose of Rental Property that has multiple Depreciation:
Building depreciation, Home Improvement depreciation, and Renovation cost depreciation.
At Check all that apply : I checked H: Complete Tax Disposition
Then to Assets worksheet : Dispositions: 1- entered date of disposition
, 2- Sales Price ( here I entered the total price from 1099-S
Then I went to the next asset ''Home Improvement : entered date of disposition but I entered ZERO in sales Price, and I did the same thing for Renovation cost asset ZERO for sales Price.
Questions: is putting Zeros there the correct way, and if there is any steps I am missing?
Thanks
Mo.
Best Answer Click here
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