JayTemple
Level 1
03-13-2025
03:13 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
sjrcpa
Level 15
03-13-2025
03:19 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Enter a disposition date and do not enter anything in sales price.
If it was >50% business use, see if you have to recapture depreciation/Section 179.
I don't think there is a "converted to personal use" box.
The more I know the more I don’t know.
Karen_pdx
Level 4
03-14-2025
11:33 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Wouldn't you also have to click the box for "Personal loss" so that any undepreciated nbv does not carry to the Form 4797 as deductible?