Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- How to record a sale of a rental property with multiple assets? Do i need to check a box for a final rental property return?
How to record a sale of a rental property with multiple assets? Do i need to check a box for a final rental property return?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
dcarusocpa1
Level 1
03-03-2022
04:34 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
IRonMaN
Level 15
03-03-2022
04:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You have two choices.
1. Allocate the sales price between all of the assets.
2. Group all of the assets together and report as one sale. Which would mean adding all of the costs and accumulated depreciation totals together, creating one asset using those totals and deleting the individual assets.
Slava Ukraini!
