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Level 3
April 3, 2023
Question

Asset Entry Worksheet

  • April 3, 2023
  • 1 reply
  • 9 views

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?

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1 reply

Camp1040
Level 10
April 3, 2023

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.

holodeckAuthor
Level 3
April 3, 2023

Thank you so very much!