508847
JUST WONDERING IF I DEPRECIATE ANYTHING AT ALL SINCE EVERYTHING WAS SOLD AT THE CLOSING OF THE BUSINESS. IF NOT, THEN WHERE DO I APPLY THAT LOSS AS EVERYTHING WAS SOLD OFF FOR LESS THEN ITS VALUE...
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Ok ... you will have depreciation for the time you did own the assets and then you will sell off all the assets and the losses (& depreciation recapture if any) will show on the form 4797 ... just follow the program interview step by step.
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