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Where can I claim deductions for a loss on sale of fixed assets? I can't find a proper place where I can show this loss.
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in the asset worksheet, you indicate the sales price. TurboTax will calculate the loss and carry it to the appropriate form - 4797. should you have already deducted the full cost of the asset either through depreciation or by expensing the cost when acquired you will now have income equal to the proceeds.
Thanks! How do I get to the assets worksheet?
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