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Investors & landlords
Appliances should have been either expensed or depreciated when you purchased them. They are not part of the home sale as they are not an improvement to the home itself.
If you listed the appliances as assets and depreciated them, then you would need to sell them separately (you can allocate a portion of the home sale that is for the appliances) and list your cost for the appliances when you mark them as sold.
To separately report and sell the appliances you would go back to your rental property, click the pencil next to the property, then scroll down and click add expense or asset. You will then walk through the steps to list and sell the appliances as assets.
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‎February 22, 2022
1:52 PM