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Level 1
April 7, 2022
Solved

How do you dispose of a rental property reported on Sch E?

  • April 7, 2022
  • 2 replies
  • 27 views

I want to dispose the property reported on schedule E on a 1040 and link it to the sale to populate the depreciation and cost basis automatically. 

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Best answer by IRonMaN

Go to the asset entry worksheet and fill in the date of sale and the sale amount,.

2 replies

IRonMaN
IRonMaNAnswer
Level 15
April 7, 2022

Go to the asset entry worksheet and fill in the date of sale and the sale amount,.

Slava Ukraini!
Just-Lisa-Now-
Intuit Community Champion
April 7, 2022
and be sure to mark Box H on the Sch E worksheet to free up any suspended losses that might be attached to it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪