I apologize for the delay in responding. Since most of the identifying information was scrubbed from your return, I reviewed the sale of the property that was placed in service on 5/1/2012.
Bottom Line: The amounts shown on the two related Asset Wks forms carry over to Form 4797 Line 24 as expected.
The Asset Wks for the Residential property (original cost $71,209) has no sale information. However, the Asset Wks for the Washing Machine has a sales price and selling expenses. The gain on that sale is $288,234. The Asset Wks for the Carpeting has a zero dollar sale with a zero gain.
If you open the Disposition Report for this property, you will see sales for Carpeting and Washing Machine, with the same total gain of $288,234.
Finally, on Form 4797 p2 (Copy 1), you will see $288,234 on Line 24, less depreciation on Line 25b, for a net gain on Line 32 of $287,900.
I was not able to find an Asset Wks with a net gain of $241,028.
Generally, the total sales proceeds and selling expenses are reported for the asset with the largest adjusted cost basis. If you have other assets with basis remaining, the sale should be allocated to all assets that were sold, as a percentage relating to the total basis. However, you can report a zero sale as you have done with the carpeting. The Depreciation Report for this property shows some assets as Sold (S in Code column), but others are still active. You may wish to revisit your sale entries to include all assets, assuming you sold the property and are no longer using it as a rental.
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