Solved
Sale of Rental Home and depreciating improvements
We sold our rental property in 2018. I had been depreciating a new roof, a furnace and carpet. Do I have to break down the sale to clear out those items and the difference goes to the home? ie., roof ent'd 4/26/12, cost $5252, prior deprec $1090, dif of $4162. Would I show this item to be sold for the $4162 and the difference then goes to the actual home (after doing the same for the new carpet, and furnace)? Or do I show the proceeds and closing all on the home, and just show the depreciable assets as sold on that date, but for $0 amount?
