AliciaP1
Expert Alumni

After you file

If the depreciable basis is $0 but no depreciation was reported, the Section 179 deduction was likely elected for the refrigerator.  Your depreciation schedule for the year it was placed in service would show that.

 

In this case, you need to enter the cost of the asset on the Tell us about this rental asset screen and the Prior Section 179 deduction on the Section 179 deduction screen.

 

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