Business & farm

Go through the Schedule C assets and say you converted them to personal use.

After doing that, it will be helpful to go to the "All Worksheets" to print out the "Depreciation and Amortization Report" (the sideways looking spreadsheet).

If your Farm is a Sole Proprietorship on Schedule F of your personal tax return, you can then add those assets to Schedule F, using the SAME information (the original "placed in service", the original Basis, and the total "prior depreciation", including the current-year depreciation on Schedule C).

If your Farm is a corporation or partnership, let us know, as you may need to enter that differently.



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