One of my clients had a vehicle that was totaled in an accident. I can figure out how to input the data in form 4684 but I can not find how to remove it from the depreciation schedule on the proseries. I will be grateful if you give me some advice.
On the vehicle worksheet, scroll down until you find the disposition section and enter the date “sold” and enter the sales price as zero or if they received insurance proceeds, enter the proceeds as the selling price.
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