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How do I stop using a depreciated asset for a rental unit?

 
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Accepted Solutions
AnnetteB
Intuit Alumni

How do I stop using a depreciated asset for a rental unit?

You would edit the Asset and check the box beside "the item was sold, retired, stolen, ... no longer being used for this business for some other reason)" then enter the date that you took the item out of service from the rental property.

You may be asked for a sale price for the asset, if you simply retired it to personal use, enter 0 for the sale price.

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1 Reply
AnnetteB
Intuit Alumni

How do I stop using a depreciated asset for a rental unit?

You would edit the Asset and check the box beside "the item was sold, retired, stolen, ... no longer being used for this business for some other reason)" then enter the date that you took the item out of service from the rental property.

You may be asked for a sale price for the asset, if you simply retired it to personal use, enter 0 for the sale price.

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