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Creating an Asset Disposition report
I have unfortunately lost all my tax records prior to 2003. In 2023 I sold a rental property that I owned for 43 years. I have tried to recreate an Asset Disposition Worksheet for the various assets I aquired during my ownership of this property.
My problem is that TurboTax will not accept a retro-active sale or disposal date for the assets. The assets are mainly various cycles of replacing appliances and flooring. These assets have been fully depreciated. If I enter the date associated with the sale of the property, Form 4797 is populated. However, this disposition date is not the reality of the situation.
What should I do?
‎February 28, 2024
10:33 AM