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I closed a business in February of 2018. How do I handle the disposal of assets for 2018 tax filing when I have yet to sell the building and equipment?
In Turbo Tax I checked that this would be my last tax filing as the business is closed. Turbo Tax wants to report the disposal of the assets but I haven't yet disposed of them as I am trying to sell the building and equipment. How do I handle it.
Also, how is the remaining not yet depreciated value of the assets handled?
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‎June 1, 2019
12:37 AM