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Investors & landlords
I think @JohnB5677 may have mis-read your post.
Your rental is in a C-Corp. Therefore, SCH E is not used with the 1120 return.
Simplest thing to do is to report the asset sold for $0. That will automatically deduct the remaining depreciation and reduce the overall cost basis total of all of your remaining assets.
‎September 18, 2022
6:14 PM