Asset Entry Worksheet

[holodeck]

On the “asset entry worksheet” “dispositions” section; is there a “sales price” for not fully depreciated appliances, or is the “sales price” zero since the appliances were included in the sale price of the rental house?

[Camp1040]

That is one way to do it. Enter zero as the sales price, and it helps separate the 1245 property from the 1250 property depreciation recapture.

[holodeck]

Thank you so very much!