I have rental income from a farm property. I didnt sell property but federal return asks me to fill in entries under "Schedule E - Disposition Worksheet.

Forum|Forum|3 years ago
February 19, 2023
1 reply
0 views

Asking me for Date Acquired, Date Sold, Sales Price, Property Code, Other Expenses etc."

TurboTax Online

Carl11_2

Employee

If you're in the Rental & Royalty Income section of the program, the only place you're asked for sales information, is in the Assets/Depreciation section.

As you work through each asset, you are presented a screen asking "Did you stop using this asset in 2022?". If you answered that question YES, you need to go back and answer it NO.

Now, if you stopped renting out the property, that's the only way you would answer that question YES. If this is your case, then the next screen would ask "Special Handling Required?" If you answered that screen NO, then you're telling the program you sold that asset, and you will be forced to enter sales information.

corotemp-q-comAuthor

Thanks Carl. I will give that a try.

ffchou2020

i have the same situation--when I completed my rental inputs - I own a rental but did not sell in 2022; during the fed review, it started to ask my for acquisiton and sales dates and prices...why? I had used TT for the past 5 years and this NEVER happened

is the software broken??