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Investors & landlords
@PatriciaV
Hello @PatriciaV
Thank you for the reply. I printed out Form 4562 for Tax year 2021. Looks like all assets have a Current Depreciation of "0" - except the house itself, and 4 assets which frankly were removed as bad or dead, prior to the sale. How do I handle depreciation recapture and what should I do with the assets having a current depreciation of "0"? I have read where even they should be sold? If so at what price? Their original cost at date of inservice plus $1? As to the 4 assets that were removed, tossed, and or dead, prior to the sale, how are those entered? Please see attached copy of the data in question. Thank you @PatriciaV
‎February 22, 2022
10:28 AM