Question:
We have several rental properties. I have entered this amount in Other Assets - Investment in Other Properties. Is there a way to enter these properties separately, so that properties could be sold individually when needed?
Answer:
No, there is allowance for only one property other than your personal residence.
Please note that you can enter up to four assets on the 'Other Assets' tab on the 'Financial Information' page, with disposition in four separate years.
So if you can group your sales around five separate years, this may work. However, note that you should include the after-tax proceeds in 'Other Assets' and their value will only be reflected in the year of disposition. It may be best to create an alternative file for this and use it just to see the impact of selling the properties in a staggered way.
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