Ok that makes sense on how to enter it assuming every asset you have ever had has to have the depreciation recaptured….but people talk about putting the FMV value of the items as the selling price or zero for old appliances that aren’t worth anything….I guess the bottom question is if the IRS expects to recapture all the depreciation you have ever taken on all assets on your list regardless of their current status or condition….your method would recapture all that depreciation but I am still unsure if I need to report a gain on say a 8 year old appliance…sigh….thanks
