Depreciation Items no longer in use

[Stupidasur3]

I've been rather sloppy with handling old asset items on my depreciation report.  I've run my mobile home park business for upwards of 25 years and have old items on the report which should be removed.  Some have been replaced or just no longer in use.  Sadly, some were replaced in years past.  All of them have fully depreciated.  I thought I would now take the time to try and clean this up, but I'm concerned about putting prior year disposition dates on my tax return.

[M-MTax · Accepted solution]

Just dump those items UNLESS you sold them in which case you have to recognize gain and recapture.

[Stupidasur3]

What do you mean by "dump" them?  Delete them?  I didn't think you were ever supposed to do that.  But I don't know.

[M-MTax · Accepted solution]

Yep, just delete them if you haven't sold them or threw them away or they are next to worthless now.