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Deductions & credits
a fully depreciated asset still in service, example a fridge, which remains in form 4562 because it is still in service. When you sell the real estate which includes the fridge (now a piece of junk), do we have to include the depreciation as recapture? Do we have to wait to remove the fridge from form 4562 only after we replace or throw it in the garbage?
March 30, 2020
7:28 AM