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Dispose of a fraction of an asset
Here is the problem. I have acquired business assets last year - 10 machines. I have entered them as a SINGLE asset in TurboTax last year. Now, this year I sold 30% of those machines. When I try to report disposition of the asset, TurboTax only allows the disposition of the ENTIRE asset (which is 10 machines) and not 3 machines that I sold. How do I proceed with this?
Accounting gurus please, help!
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‎January 28, 2021
4:18 PM