I'm using TurboTax Business desktop. Under Federal Taxes/Farming I have several assets entered under the New Farm Assets button that are in various stages of depreciation.
There are a few that I need to dispose of but when I click on Dispose of Farm Property there is a box for yes and no and if I click on either one and then continue nothing happens.
At the top of Farm Assets Summery page there is a note to not delete an asset to dispose of it but to click edit. If I do that I get the standard items to setup an asset but noting about disposing of it.
The Dispose of Business Property under federal taxes / income seems to work properly but the assets I need to dispose of are not entered there.
How do I dispose of a farm asset?
Thanks!
