@PatriciaV
@ThomasM125
Thank you for the reply. This is where we have confusion. We want to learn, and we want to enter the sale and recapture correctly. We have been told to enter (as the sold price for each asset) $1. We have been told it is ok to enter $0 as the sale price. We have also been advised to enter at least $1 over the original cost, as the sale price. You seem to be of the opinion that it is recommended to enter $0. Please, we want to understand, and just want to do it correctly, as TTx in this area as we complete it, offers no guidance. As you can see by the attached 2021 sheet, most all have a $0 value now. So we can do our recapture by adding $0 as the sale price, across all assets that have been fully depreciated? They still have to be sold, and at $0. As to the items that we disposed of prior to the sale (fence, trees, vegetation), I thought we disposed of them using SPECIAL handling, and indicate that they were disposed of. If not, and we have to indicate them as part of the sale of the rental, since that still have a value, do we add $1 to their current value, and indicate, sold with the sale date? Just need to get through this section, and we should be good to go, once TTx gets their looping issues corrected. Thanks to all. See attached.
@PatriciaV
@ThomasM125
