Thanks for the reply. On the dispose of asset screens, it is asking for a dollar amount. I have approximately 50 or so assets set up for this LLC. Sold March 2023. Say the total sales price is 3 million. I have the buildings as 1 asset, there are 20 total buildings, one asset, the rest of assets are, like roof, windows, cabinetry, etc. Assets were set up as the buildings were remodeled over a 2 year period. Do I add the original cost of say, the first asset for the buildings, then add prior depreciation, and current depreciation. I'm really confused on how to get the cost of the assets. and not sure where the recapture comes into play. Thanks for any help. Have never done the sale of a business. It's in an installment sale, husband and I are the banker.
