holodeck
Level 3
04-03-2023
03:19 PM
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On the “asset entry worksheet” “dispositions” section; is there a “sales price” for not fully depreciated appliances, or is the “sales price” zero since the appliances were included in the sale price of the rental house?
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Camp1040
Level 11
04-03-2023
03:26 PM
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That is one way to do it. Enter zero as the sales price, and it helps separate the 1245 property from the 1250 property depreciation recapture.
holodeck
Level 3
04-03-2023
05:10 PM
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Thank you so very much!