So, choosing #1, when I get to the screen that asks for the asset sales price, do I also deduct the cost of the flooring?
Not exactly sure I'm following you here. But I think I am. Basically, after you've entered a sales price for all assets, when you add up those sales prices, they should total up to your contracted sales price in your sales contract. Not a penny more. Not a penny less.
Do I list the sales price of the flooring +$1?
You can do it that way. The sales price of the flooring and any other assets must be "AT LEAST" $1 more than the cost basis of that asset.
You mentioned doing it this way, I would get 15 days of depreciation, but that didn't happen.
It's possible you could. Doesn't mean you will. Since you placed it in service on the closing date of your sale, that's a good thing that it did not figure any depreciation.
