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Level 1
June 28, 2022
Question

How do i remove a property from my capitalization asset list?

  • June 28, 2022
  • 1 reply
  • 7 views
This property is connected to my Schedule C but it is not a business property and i need to remove it and stop the depreciation expense.
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1 reply

George4Tacks
Level 15
June 29, 2022

Kick the Can!!!

On the right of the quick entry is bright blue Details and just to the right of that is a GARBAGE CAN. Kick the Can and select OK

Answers are easy. Questions are hard!
sjrcpa
Level 15
June 29, 2022

But if it used to be used in the business you'll want to keep track of cost and accumulated depreciation, so maybe don't delete it and just stop depreciation (take it out of service if that's an option).

The more I know the more I don’t know.