topic Creating an Asset Disposition report in Get your taxes done using TurboTax

Creating an Asset Disposition report

William104 — Tue, 10 Feb 2026 10:31:48 GMT

I have unfortunately lost all my tax records prior to 2003. In 2023 I sold a rental property that I owned for 43 years. I have tried to recreate an Asset Disposition Worksheet for the various assets I aquired during my ownership of this property.

My problem is that TurboTax will not accept a retro-active sale or disposal date for the assets. The assets are mainly various cycles of replacing appliances and flooring. These assets have been fully depreciated. If I enter the date associated with the sale of the property, Form 4797 is populated. However, this disposition date is not the reality of the situation.

What should I do?

Re: Creating an Asset Disposition report

RobertB4444 — Thu, 07 Mar 2024 15:32:37 GMT

Any assets that were fully depreciated and then disposed of during the life of your rental property you should ignore. Any assets that were fully depreciated but still in the property at the time of the sale you can enter with prior accumulated depreciation that zeroes the value in order to get the correct sale figures.

@William104

Re: Creating an Asset Disposition report

William104 — Thu, 07 Mar 2024 21:38:36 GMT

Thanks RobertB. That clarifies a lot and makes it easier.