cake123
Level 1
‎05-08-2022 10:39 PM

Jane sold her old computer for $1,000 on 1/1/2020 and purchased a new computer for
$1,000 on the same day

 

Additional may be needed

Screen Shot 2022-05-08 at 8.37.25 PM.png

0 Cheers
George4Tacks
Level 15
‎05-09-2022 08:29 AM

First I would definitely determine the software I was using. Then I would do the easy part first and add the the new asset so that it looks similar to the other assets listed. It looks like you have that part done, with the possible exception of deciding between IRC 179 and bonus depreciation. For the asset sold, find the Details button and enter the sale. 


Answers are easy. Questions are hard!
IRonMaN
Level 15
‎05-09-2022 08:41 AM

George - do they pay extra for being a tutor?


Slava Ukraini!
George4Tacks
Level 15
‎05-09-2022 10:04 AM

They double my discount on all Intuit products. 


Answers are easy. Questions are hard!
IRonMaN
Level 15
‎05-09-2022 10:12 AM

Let's see, 2 X 0 = 0.

That's a pretty good deal if you can get it.


Slava Ukraini!
George4Tacks
Level 15
‎05-09-2022 04:57 PM

Remember - I use Lacerte so 2 X -1 = -1


Answers are easy. Questions are hard!
IRonMaN
Level 15
‎05-09-2022 05:13 PM

Yeah, I forgot about that.  I'm sorry to hear that.


Slava Ukraini!
0 Cheers
Accountant-Man
Level 13
‎05-09-2022 06:46 PM

Double thumbs up :thumbsup: to George for the Lacertian -1!

** I'm still a champion... of the world! Even without The Lounge.