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Level 3
posted Mar 16, 2022 3:45:07 AM

Disposed of assets under Business Asset Summary but they still shows up

I have assets that I have claimed under section 179 several years ago. Those assets have been damaged and thrown away. I marked the last date of use and indicated a sell price of $0. Will the asset disappear from my Business Asset Summary page next year or do I have to manually click on the delete button at some point?

0 2 497
2 Replies
Expert Alumni
Mar 16, 2022 4:58:32 AM

Now that you have marked that they have been disposed of, they should no longer appear.

Level 15
Mar 16, 2022 6:49:21 AM

If you disposed of them on your 2021 return, they will remain on your 2021 return to "show" the disposition. If they are imported into your 2022 return, you can delete them at that time.