I disposed of a rental property this year and unfortunately incurred a terminal loss. The online version of TurboTax Premier does not automatically zero-out the UCC and record on line 9948. Per Chapter 3 of Guide T4036, " In the year you dispose of your rental property, you can subtract this terminal loss from your rental income and, if the loss is more than your rental income, you can create a rental loss. Enter your terminal loss on line 9948, “Terminal loss,” of Form T776." Can someone please help?
