KrisD15
Expert Alumni

Business & farm

How did you enter the sale? 

Which version are you using, Home and Business Desktop or something else? 

 

I used "Sale of business asset" and had no issues using 2021 as year of purchase and "sold" 2024. 

Select only "Sales of business or rental property"

Do not select "A recapture of a previously taken section 179 or listed property"

 

The recapture would only be necessary if converted to personal use. 

 

Enter Date Acquired, Date Sold, Total Sales Price as the trade-in value, cost, and the full 37,563 for Depreciation taken.

 

 

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