turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

lenwesten
New Member

When we report our business sale what depreciation number do we use

When we report our business sale what depreciation number do we use
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ee-ea
Level 15

When we report our business sale what depreciation number do we use

PatriciaV
Employee Tax Expert

When we report our business sale what depreciation number do we use

It depends. If you have business assets, you should have a depreciation report to show how much depreciation has been claimed on each asset. This is typically the total of the prior and current year depreciation

 

If you have no business assets, there would be no depreciation to include with the sale.

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies