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Federal Asset Report - Depreciated Assets
This is my first year using TT. Last years tax returns federal asset report lists 23 depreciated assets where all but one show a current value of zero. Do I need to list in TurboTax all 23 of these assets that appear to me to be fully depreciated at this point? This business is 22 years old, it seems like this asset list is... out of date? I'm starting my tax prep fresh with TT, do I need to carry these old depreciated items with me?
May 22, 2024
3:14 PM