ASSET SALE WITH SEC 179

I built out on a second restaurant in 2016 for 50k and claimed all the FF@E as sec 179. It wasn't working out so I sold the space with all of the FF&E for 25K in 2019 and the lease was transferred. Can this be a loss, or will I have to show the 25k as a sec 179 recapture?

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ASSET SALE WITH SEC 179

SEC 179 RECAPTURE

ASSET SALE WITH SEC 179

How do I determine the depreciated value of the FF&E. And what about the fact that I took a loss on the 50k investment?

ASSET SALE WITH SEC 179

TT will take care of that for you when you report the sale......it'll ask you if you took a section 179 deduction.

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