On form 4797 I understand how to enter the sales price, cost, depreciation and arrive at the adjusted basis.
My question is how do you report and enter the data for appliances that have not fully depreciated.
I have 2 appliances with depreciation taken of $840.81, and deprecation not taken of $143.61.
Is the depreciated amount of $840.81 added to the total deprecation taken or allowed on the rental property sale, and the $143.61 depreciation not taken added to the basis as an expense.
How do you report this on form 4797.
Can you report this on line 25 as section 1250 property showing deprecation allowed as $840.81.
Appreciate your help on this.
