Business & farm

Darion

I am dealing with the same situation and it is not fun at all. I had three fully depreciated item that are no longer on my depreciation and amortization Report. Since I have to show that those assets were sold with the house, I had to go through my old records to find the info, then I enter them manually under add an asset. There you have to enter the info for each asset until you're  done. I am still working on the sale so  I do not know if it is going to work out.  For my situation I  think that since the items were in a five years depreciation schedule TT just took them off the list of assets after they were fully depreciated . According to the info I read in this community they still have to be reported as sold, thus they need to be put back on the list. Real nightmare ! Good Luck