Question

Remove vehicle from sch e

Forum|Forum|4 years ago
March 11, 2022
1 reply
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I sold my vehicle and need to remove it from my Schedule E, and can't find where to do this.

TurboTax Self Employed Online

You need to update your rental income and expenses. You will see the page that says Review your (name of rental) Rental Summary. On that page, update the Assets/Depreciation section, then go to the depreciation summary and edit the vehicle you will see listed there. Work through that section until you come to a page that says Tell Us More About This Rental Asset. On that page, click on the box that says The Item was sold, etc...and enter the date sold. Continue on in that section to enter the sales price and other information requested.

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