PatriciaV
Expert Alumni

Business & farm

Although it says "date you sold or disposed of" the asset, ending its use for your business is essentially the same thing for tax purposes.

Return to the business asset section and enter the date you stopped using the asset for business.

If asked, you should also report that the sales price was zero (since you didn't sell it).

Completing those two questions should remove the asset from your business and report the retirement.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post