Thanks again. If you are still there can I throw out the actual numbers. 2020 equipment $3,200 expensed section 179. Piece of equpment sold in 2021 for $2,700. When I input the information in TT it calculates in part three that the $2,700 is the gain and taxable, like you mention. I understand that is because it was fully expensed in 2020. That part makes sense that I am going to have to pay tax on the $2700. Where I am confused is part IV, the recapture amount. It comes up with $2,743 on line 35 (which is the $3,200 lest one year depr of $457). Than line 35 says to see instruction for where to report. DOES that mean I have to pay tax on the $2,700 and tax on the $2,743? TT carred the $2,700 to SCH 1 part 1, but did not put the $2,743 anywhere. So do I just ignore line 35 amount because TT did not move it to another schedule or form and just assume I just owe tax on the $2,700 it did place on a form. Sorry for the long explanation, but appreciate you help.
