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I am trying to take business equipment out of service and turbo tax is declaring it as a loss, but i still own the equipment, its just not in service right now?

the equipment has completely depreciated already.
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JulieR
Expert Alumni

I am trying to take business equipment out of service and turbo tax is declaring it as a loss, but i still own the equipment, its just not in service right now?

In TurboTax desktop edition, you can switch to the Forms view (Ctrl+2) then use the Open Form feature to open the Asset Entry Worksheet, select the asset and delete it.

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