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Level 1
posted Mar 3, 2021 11:59:16 AM

Do I need to included a fully depreciated asset on form 4562? (this is an LLC)

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2 Replies
Expert Alumni
Mar 3, 2021 12:32:49 PM

No. A fully depreciated asset has a value of zero. There is nothing left to be depreciated.

Level 1
Mar 3, 2021 2:16:54 PM

What I thought.  Thank you for verifying.