selling a rental property

[Marjorie S]

I have all the particulars but there is no place to enter the prior depreciation to recapture

I am not getting any error report for this return

[IRonMaN · Accepted solution]

Enter all of the info into an asset entry worksheet and report the sale there.  It's as simple as learning to tie your shoes.  Well, for most folks anyway -------- some of us had trouble learning how to tie our shoes.

[Just-Lisa-Now-]

The program will do the heavy lifting for you and move things to where they should go if you enter the disposition information in the asset entry worksheet.

[Marjorie S]

Thank You for your prompt answer

I was able to solve my problem

[Marjorie S]

Thank you for your prompt answer.

You helped solve my problem!

[IRonMaN]

I'm glad you got things figure out!

[rftax815]

Rental Property is in NY and client lives in GA.  Client paid NYS estimated tax on the sale at closing.  Is that considered a selling expense

[Just-Lisa-Now-]

state taxes paid is not a selling expense