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Loss not calculating properly for sale of business asset on Form 4797
I replaced my undepreciated HVAC system on rental property that was being depreciated over 27.5 years. I entered the information as to date sold and zero dollars on sale - the Asset Worksheet calculated a loss and the loss did not carryover to Form 4797 - the Form is showing zero dollars for the loss.
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‎September 25, 2022
5:53 PM