Yes, of course. Remaining depreciation is a loss, as stated in my question.My issue is how to get the ordinary loss in Part II of the 4797 as the items were jun...
As much as I want to trust software. "An abandonment of property is not treated as a sale or exchange. Thus, an abandonment loss is an ordinary loss regardless ...
I know that TurboTax instructs us to "sell" them even though we did not sell them, but after reading publication 544, etc., they belong in section II of the 479...
Business phones, not Sec 179, and $400 left to depreciate when abandoned.I think I figured it out. I can override "Part I" with "Part II" for the 4797, which mo...