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Final Tax Return for S Corp - Home Office Asset Disposal
I am working on filing my final tax return for my S Corp.
I have used turbotax for entire life of the business and in order to take my home office expense and depreciation used the "Depreciation of Assets" section in order to calculate and deduct the depreciation of the portion of my home office each year. It shows up as an "Asset" that gets depreciated and as I have dissolved the company I am trying to "dispose" of all the assets from the business. None of these options fit, so not sure what to choose in order to "dispose" of my home office portion from the business.
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‎January 28, 2023
4:27 PM