Investors & landlords

not really. that's because you would need to override the TT calculation for depreciation which would void the accuracy guarantee.

what you can do is remove it from the asset listing noting the net tax basis and then on whatever schedule you report the depreciation report as a misc expense the net tax basis as "loss on scrapped equipment".

 

an alternative though not technically correct because there was no sale is to use the disposition section on the asset listing and show sold for $0