MG26
Level 3

Self Employed - Photography - Sold Lens

Hello! I've been using Turbotax for years feeling confident but I don't feel as sharp as years go by. Ha!

So...

I started a photography business in 2014 and claimed some equipment as assets and had a depreciation schedule, etc. Did the same for 2015. I didn't perform photography or do a schedule C for two years and started back up in 2018 & 2019 but I suppose the depreciation hadn't carried over automatically due to skipped years. I don't know how IRS view non-contiguous years of business. I don't know if I should be doing this stuff myself anymore. Anyhow, that's the history.

 

This year, 2020, I didn't conduct any photography services due to Covid but I did sell a lens not declared as asset at any time. The net was $216. Should I do a Schedule C for this or just put as other income?