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March 12, 2025
Question

Sale of business assets?

  • March 12, 2025
  • 1 reply
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What forms are required to report sale of business asset that if fully depreciated?

    1 reply

    March 12, 2025

    This'll be reported on Form 4797.  Since it is fully depreciated, there will be a gain in the same amount as the sale price.  

     

    Here is some information you may find helpful: How do I edit or delete the sale of a business property I've already entered (Form 4797)?