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Sale of rental property

Forum|Forum|4 years ago
March 26, 2022
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I am an investor in a DST that had 4 separate properties. I have bundled them together for tax reporting in Turbo Tax since day one.

In 2021 one of the properties was sold.

My question is how do I separate the sale / depreciation etc. of that property from the others for tax reporting in 2021?

Best answer by Anonymous_

Here is a decent reference:

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/depreciation-on-single-dst-with-multiple-properties/00/2076967

Frankly, you should have entered the properties as separate assets initially. Obviously, it is too late for that at this point but you will have to separate them now on some sort of pro rata basis from the exchange.

A

Anonymous_Answer

Employee

Here is a decent reference:

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/depreciation-on-single-dst-with-multiple-properties/00/2076967

Frankly, you should have entered the properties as separate assets initially. Obviously, it is too late for that at this point but you will have to separate them now on some sort of pro rata basis from the exchange.