KrisD15
Expert Alumni

Business & farm

I would add that you may have entered the (solar?) improvement as a separate asset, in which case you would need to report that as sold as well and allocate a portion of the selling price (46,000) to that asset also. 

 

Additionally, you may need to check if "Bonus" depreciation or Section 179 deduction was ever use for either asset. 

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