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I sold depreciated farm equipment with a recapture gain. I received a 1099 MISC for the sale. How do I associate the 1099 with the recapture amount?
Turbotax is showing the recapture amount as a gain and the 1099 amount as income so I have an overall gain of twice as much. I need to associate the recapture amount with the depreciated equipment sale price.
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‎February 15, 2024
8:30 PM