Also, if you had any assets the were not fully depreciated, you can report the sale of them for $0 so that you get the balance of depreciation on them deducted.
Nope, that won't work. I've already confirmed it. If you report the sale of a depreciable asset for $0, then the depreciation will be included in the gain and taxed at the capital gains tax rate, instead of being recaptured and taxed at the ordinary tax rate. Work a scenario and check the forms. You'll see exactly the same as I did.
For assets not sold or retained, but were given away, simply indicate that you stopped using that asset 2022. Then on the "Special Handling Required?" screen select YES so you are not prompted for sales information. That's all you need to do, and there's no depreciation recapture, and any depreciation already taken on that asset does not get included in your capital gain one the sale of the land/structure.
