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February 22, 2025
Question

finding asset associated with real estate sale

  • February 22, 2025
  • 1 reply
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I sold a rental property this year and have worked through the disposal of real estate property in Turbotax Business program.  The program displays an Undisposed Assets page saying that I indicated that this is the final return.... but there are still some business assets that have not been disposed of.  When closing a business you need to dispose of all business assets...."

 

How do I find out what other assets it thinks I have?  I don't know of other assets?  The house is the only asset listed.

1 reply

February 22, 2025

Double check your depreciation worksheet to see all of the assets.  Look at your 2023 return as well. You may have some that were fully depreciated, yet remain unsold. You can enter a zero sales price for those items, if you didn't account for some specific items in  the sale.

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