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Business & farm
Yes, after hitting "Edit", It asks you to review LY's info, then asks if I stopped using the item for business purposes. Click Yes. Next screen: Date of sale or disposition. Then it gets messy. This is the page that says to just enter the date and then handle it in Business Income/Sale of business property. [[If you keep clicking through, it then asks if any special handling required - converted to 100% personal use is one of 7 scenarios. The "learn more" is my snip from the other link. If you say "yes" it says depreciation is zero, says it will transfer this to the correct form, and goes back to the asset summary. The one I'm currently looking at is on year 3 of 7 :(. It's not doing any recapture through this route.
May 31, 2019
5:33 PM