Selling Depreciated Asset- Small Business

[timb1988]

Bought a piece of equipment, fully depreciated it, sold it for 500 more than I paid for it.  I'm not finding a place to enter the income from the sale.

If I list it as uncommon income then I don't get any of the capital gains tax breaks and get taxed at ordinary rates

[Mike9241]

in the asset worksheet, unless you deleted it (bad) you would report the sale for $500 which will result in depreciation recapture reported on form 4797

[timb1988]

i'll have to see if i can find an asset worksheet, I don't recall seeing one.   first year using turbotax