Rental property sale and recaptured depreciationl

[user168033]

How to recapture depreciation on residential rental property sale Pro Series that has building, capital improvements  and appliances,?

[Terry53029]

Go to each asset worksheet, and scroll down to disposition. Fill in sale date, and other info. Program should help you from there.

[Just-Lisa-Now- · Accepted solution]

ProSeries wont bundle them all into one bulk sale for you, you have to allocate a portion of the sales price to each asset in the disposition area of each asset entry worksheet.

Theres another thread that was posted in the last week or so explaining this and it had a couple shortcuts that might help if you want to go digging.

[user168033]

Lisa  Thank you for your help. That is what I did when I prepared the return. I was hoping  there was a simpler way. I will research the short cuts you mentioned.

Bo