Report it as if you sold it with proceeds of $0.00. This will result in a loss of whatever the undepreciated cost basis is. If the equipment was fully depreciated, then there will be no loss (or gain) on the disposition. To report in TurboTax Home & Business:
- Type "Sale of Asset" into Search
- Click on "Jump to sale of asset"
- Follow the Step-by Step to enter your asset sale.
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