Hot water heater placed in service 5/19/14 for rental property - fully depreciated. Replacement placed in service 9/28/2020 and 2025 will be last year of depreciation.
Reviewing my asset list, I failed to dispose of the asset in 2020 - it was thrown out. I am only able to find the interview question regarding disposition of the item in 2024.
I plan to continue to own this property for some time. How do I rectify this or just leave it alone until the property is sold?
Thanks!
