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Theft of A depreciated Asset

Acosta77
Level 1

How do I dispose of A depreciated Asset ? There is no gain or loss. Do I place 0.00 for the sale on the Asset Worksheet or If I enter it on form 4797 as a Theft, how do I link it to the asset? Or do I just erase it Asset Worksheet??

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1 Comment 1
IRonMaN
Level 15

The asset was in effect sold for zero so go ahead and enter zero as a selling price.


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