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Removed Depreciated Appliances from Rental Service but Didn't Report Them
In prior years (less than 7 years) I removed from service appliances in my rental house but did not know I was supposed to report them as a sale of business assets in the year they were removed. They had zero value when removed but there was no recapture of the depreciation. What should I do now to rectify this?
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‎February 20, 2023
8:39 AM