Mustapha Ratib
Level 4

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.

0 Cheers