chenschuh
Level 3

Client decided to close his schedule C business. All assets on depreciation sheet are not going to be sold, he is going to convert assets to personal use. If I put date of deposition as 12/31/23 with 0 sale price. Then schedule C, line 13 amount greatly reduced, compare to the amount on line 13 that  I left date of disposition empty.

Is that because when I put 12/31/23 as date of deposition, depreciation only calcuated for half a year? 

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