jw-rogers
Level 3

@TaxGuyBill 

On 4797 p2, for lines 20 to 24 - If I enter sales price (oye which I found out was $9.5k). Cost was $15k.

Sum of recapture depreciation was $9494.

Adjusted basis is $5,506, gain of $3994.

I'm looking now but how can I tell if the software is limiting the depreciation recapture to the gain?

How many people do you think recapture the standard mileage taken on asset disposal....

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