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What is best practicemethod to change depreciated business property to personal use
myerstaxservice
l
Level 2
12-07-2019
01:48 AM
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IRonMaN
Level 15
12-07-2019
01:48 AM
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What type of business entity?
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myerstaxservice
l
Level 2
12-07-2019
01:48 AM
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schedule c small sawmill turned to hobby
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IRonMaN
Level 15
12-07-2019
01:48 AM
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Mark the assets with a sale date as of the date they were no longer used for business but don't enter a sales price.
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itonewbie
Level 15
12-07-2019
01:48 AM
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And add a carryforward note for yourself.
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Just-Lisa-Now-
Level 15
12-07-2019
01:48 AM
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I print out the depreciation report and keep in the file in case they sell it at some point
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