Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

sale of an asset

Young-TP
Level 3

When a car that has been 179d and is sold 2 years later how is the gain figured on the 179 amount? I have never had anyone sell their depreciated asset

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

If you have the asset entered in the car and truck worksheet, you just need to enter the disposal date and price and the software will do the heavy lifting for you.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Young-TP
Level 3

Thanks, so much. That is what I thought but just wanted to verify I wasn't missing another important step.

0 Cheers