Turbotax 2024 Home and Business - business portion. I sold a piece of equipment that was fully depreciated that bought for $176 and sold for $150. The program asked me if I wanted to expense it because of its small value and I chose yes. Now it is no longer on my equipment list. I checked all the forms to see if the $150 was added anywhere and it was not. Do I need to do something with the $150 gain? Show it as income? If so, where and in what category?
