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How do I report assets (i.e. oven) in rental unit when I sold entire rental? Specifically, I'm asking about the "Sales Price" "Sales Expenses" page. Is it 0 for both?
The appliances are part of the rental and I had been reporting the depreciation for past few years. Since the oven was sold as part of the rental unit, it got the same sale date. What do I put in for the page that says "Enter Asset Sale Information" for the oven? Is it $0 for both "Sales Price" and "Sales Expenses" or should I leave it blank?
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‎April 4, 2021
1:52 PM