Using Turbo tax for the first time after years of an accountant do me stuff. I have a 3 page list of assets on the depreciation list. I entered the "active" ones into Turbotax and all went well. Does the IRS require or is there a benefit for the old ones to be listed...yes I still own the items its just been depreciated fully for 8 to 15 years already.
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You will need to enter all of your assets even those that are fully depreciated. You will need the information on these assets when you either sell or dispose of them.
You will need to enter all of your assets even those that are fully depreciated. You will need the information on these assets when you either sell or dispose of them.
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