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Business & farm
Ok, so let's say I add the roof as a new asset - and then immediately sell it. (I guess?)
Roof was $7259. Placed in service 7/7/2023
Sold the house 9/1/2023.
TT then shows $44 for depreciation. Fine. Don't care.
But, in the asset disposition area, what is the sales price of the roof? $7259?
What is the sales expense for selling the roof? Also $7259?
(Obviously land is 0 in both sales price and sales expense).
‎September 30, 2024
5:13 PM