My husband bought equipment for Demo purposes under 179 deduction in 2016. He got sick and sold the equipment before he passed. How do I determine the Property Code?

[Memawmac]

The equipment was used as demo and when my Husband got sick, he sold the equipment.  Now Turbo tax is asking me to enter a property code.  The demo was a specialized scientific piece of equipment.  I cannot figure out what code it would fall under....Section 1231, Section 1252, Section 1254, Section 1255, Capital Asset or Ordinary Income Asset.  I am at a loss.....

[Coleen3]

Equipment would be Section 1245.

[Memawmac]

Turbotax is not giving me the option for 1245.  What am I doing wrong?  It was used 100% in business (until it was sold), it was on a schedule C expense 179 back in 2016.  

[Coleen3]

The program will ask you :
General purpose tools, machinery and equipment
Aircraft
Vending machine for business

Special Handling Required? No

Enter the sales price and the depreciation will be recaptured.

[Memawmac]

I did all that.  I listed the purchase price/date, sales price/date.  I did list it under recaptured 179.  Then when it was running edits it stated I needed to list it as one of the following: Section 1231, Section 1252, Section 1254, Section 1255, Capital Asset or Ordinary Income Asset.  It did not give the option of Section 1245.  I am thinking it should be treated as a Capital Asset since it was equipment meant to use for some years, (we used it for 2.5 years)?

[Coleen3]

Recapture of 1245 property is ordinary income asset.