Thanks for the reply. I am getting confused because it seems if I got to recognize the adjusted portion of the section 179 recapture that is showed in part IV, then it seem it should not show the entire sales price of the piece of equipment as a gain also (where it treated the asset as having not basis). It seems if the recapture happened, then the transaction for the sale of the piece of equipment show use and adjusted basis because of the recapture....hince when looking at it that way I sold the piece of equpment for a lost. It just seems I am having to recapture the section 179 amount as taxable income and no consideration that the asset sold actually did have a basis then that would go against the sale price, instead of treating the asset as no basis and the total sale price is also a gain. I hope I make sense.
