- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Confused about Casualty Loss and Depreciable Asset
How do I handle Casualty Losses on items that are on my Depreciation Report? I've entered the Casualty loss of the A/C Unit in the Casualty Loss section of TurboTax, but how do I get this removed off of the Depreciation Report? If I enter this in both places, won't it double-book the loss on Form 4797?
March 2, 2021
5:16 PM