Sale of rental property

[Chatter]

When a rental property is sold, how do you allocate the sales price across multiple depreciable items like renovation improvements and purchase of new appliances? 

[sjrcpa]

Don't. Use the bulk sale feature.

[Chatter]

Don't know how to use the bulk sale feature.

[abctax55]

Type "bulk sale" in the Search box & you'll find several articles.

[Just-Lisa-Now-]

Youre lucky youre using Lacerte...ProSeries doesn't have a Bulk Sale option  😞   We gotta do it manually.

[George4Tacks · Accepted solution]

I am gonna break down and offer up a nice fresh fish, but with no pole. https://proconnect.intuit.com/community/help-articles/help/entering-a-bulk-sale-of-assets-in-lacerte...

I will add one more "trick" If you have a group of assets that all need a sale date e.g. 5/31/2019 use Ctrl C to copy that data > Use Ctrl and the ꜜ (down arrow) to get to that field in the next bit of data > Use Ctrl + V to  paste the date there > Repeat > Rinse. This can be used to tie all those bulk assets together. 

Key is tie them all to one asset that has all the sales information. 

[Chatter]

Thanks to all the replied.  You are extremely helpful and it is much appreciated.