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sale price and sales expense for worn out washer/dryer in rental property

when we bought rental in 2017, we put in second handed washer/dryer in the property. last year the washer broken down so we bought new ones from homedepot.  homedepot agreed to haul away the old appliances away for $50 total. on the 'asset sale information' page should I put $0 as sale price and $50 as the sale expense for the old washer/dryer ? 

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1 Best answer

Accepted Solutions
ColeenD3
Expert Alumni

sale price and sales expense for worn out washer/dryer in rental property

Yes to the zero sales price. No, to the expense of sale. Just include it as a maintenance expense on Schedule E.

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1 Reply
ColeenD3
Expert Alumni

sale price and sales expense for worn out washer/dryer in rental property

Yes to the zero sales price. No, to the expense of sale. Just include it as a maintenance expense on Schedule E.

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