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Can ProSeries report the sale of a portion of the original cost in an Asset Entry Worksheet?

usercpa
Level 1
The original Asset Entry Worksheet cost represented a cost for 4 purchased items. I later sold 1 of those items. Can ProSeries report the sale of that 1 item?
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1 Comment 1
TaxGuyBill
Level 15

You need to:

  1. Create new Asset Entry Worksheets that only includes the 3 assets and a separate one for the 1 asset (or create 4 assets with 1 asset each each).
  2. On the new Asset Entry Worksheet that has the sold item, fill out the disposition section.
  3. Delete the original Asset Entry Worksheet that included all 4.