jw-rogers
Level 3
04-17-2020
10:12 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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....