Yes, you should carry the old assets into your current return. I assume these assets were simply retired (not sold) since they are many years old. If that’s the case, simply mark the assets as “retired or disposed” so that they will be removed from your asset list in future years, and put the sale price as $0. The option to mark the asset as “retired or disposed” will come up as a check box when inputting your assets into TurboTax. Doing this, will show that the asset was simply disposed without being sold, instead of just disappearing from your asset list from one year to the next without explanation of whether the asset was sold at a gain, and you can continue with a clean asset list moving forward.
