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Self employed
You need to be looking at your forms. You should see the $83,000 special allowance you entered along with the $17,000 of prior depreciation it sounds like you also had to enter. You know that you are fully depreciated and the $30,000 sales price is a gain on the sale.
Take a look at your form 4797 and be sure it is correct. You can adjust your entries if you find the program did pick up something from the prior year.
Choose to see everything, not just forms. You will be able to see depreciation schedules as well.
To print or view your forms:
- In desktop, switch to Forms Mode.
- For online:
- On the left side, select Tax Tools
- Select Print center
- Select Print, save or preview this year's return
- If you have not paid, select pay now.
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March 4, 2025
11:14 AM