Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Showing results for 
Search instead for 
Did you mean: 
New Member

Sale of Equipment/Depreciation

I sold 3 pieces of equipment in 2019.  Two are fully depreciated, and one is not.  I received about two thirds of the money for the equipment in 2019.  How should I report the sale of the equipment for 2019.  I would like to shift some the capital gains to 2020 if possible.

2 Replies
Expert Alumni

Sale of Equipment/Depreciation

You could report the sale of your business equipment as an Installment Sale, with payments in 2019 and 2020 reported as Capital Gains.


  • Click on Federal Taxes 
  • Click on Wages and Income
  • Click on I'll choose what I work on
  • Under Business Items
  • On Sale of Business Property, click the start or update button

On the next screen check the box for installment sales and Continue.


Click this link for detailed info on Installment Sales. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Level 12

Sale of Equipment/Depreciation

Go through the "assets" for those items and indicate they were sold.


The entire gain of the fully depreciated assets will be depreciation recapture (and most or all of the third asset too).  As such, that is fully taxable this year, and can not be reported as an Installment sale.

Dynamic AdsDynamic Ads
Privacy Settings