FREDW21901
Level 3

If the assets were included in the sales price of the property, then show the full sales price as the sales price on the disposition line of the main property asset and show the improvements (other assets) as disposed for -0- . Only the depreciation of those improvements will then be added to the gross profit on the sale.

If any depreciated assets were sold separately from the real property, then their sales price should be shown on the disposition amount of the asset depreciation worksheet.

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