Self-employed with business website and domain. Stopped working previous year due to disability.
Following year, selling website domain and website content (not entire business).
Filling out form 4797 in turbotax.
I expensed both in previous years -- website & domain as advertising costs.
1) What do I put in the field for "Depreciation taken on this property"? 0??
2) Next question asks if this is property I took a depreciation on. It's not. Very confused what to do here.
3) Figure I can still expense costs to maintain the website like hosting fees. Do these get taken off price of sale or in regular business expenses?
Thanks!
