I accidentally deleted one of my rental units, that I sold, because I didn't understand the question. How do I get that rental unit back as an option so I can edit it?

Forum|Forum|6 years ago
March 21, 2020
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TurboTax Premier Online

KatrinaB48

Unfortunately, there is no way to retrieve the deleted rental information in TurboTax. If you used TurboTax last year then your asset information will be listed on the Asset Entry Worksheet from last year's return. Please follow the directions in this TurboTax FAQ to get a copy of your 2018 return. When you look at your 2018 return, the total depreciation taken will be listed on the Depreciation report. You can also start a new return and transfer your information over again. You will need to use the clear and start over feature in TurboTax to do so.

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kwcoffman

I just started a new return for tax year 2019 and imported information from our 2018 return. (Both using TurboTax Premier)

The new return usually knows about the two rentals from the imported info, but it seems to be starting from scratch. So previous depreciation information will be lost. I saw an article talking about percent of ownership, etc. affecting import. None of those situations applied. What do I need to do to get previous rental information imported?

Thanks!

DavidD66

I can't explain why the rental property information would not transfer. You may have to re-enter the asset information. There will be Asset Detail reports as part of the 2018 return. Use the same information that is on those Asset Details and reenter your properties. The program will calculate all prior year (accumulated) depreciation. You might want to consider using the Desktop program, so that you can see and even enter directly on the Asset Details schedules using the Forms mode in TurboTax Desktop. If you are interested, see the following on how to transfer your return from Online to Desktop:

How do I switch from TurboTax Online to the TurboTax software?

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AugieHong

I did the EXACT same thing and had a mental meltdown. I managed a property in TurboTax for 10 years and sold it last year, without trying to rent it. I told TurboTax that I sold the property earlier, and it very helpfully said "OK We'll be sure to use your depreciation." BUT as soon as I said i didn't try to rent it, it COMPLETELY DELETED all records of the property. Horrible workflow, especially since I told the system I sold the property.

Ultimately, I just wiped out all of my work and started over, and the property info is now back. For those working on TurboTax Online, it's under "Tax Tools -> Clear & Start Over." Hope this helps others.