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

gabriela91
Level 1

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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1 Solution

Accepted Solutions
IRonMaN
Level 15

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


Slava Ukraini!

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2 Comments 2
IRonMaN
Level 15

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


Slava Ukraini!
Just-Lisa-Now-
Level 15
Level 15
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♥¸¸.•*¨*•♫♪