Enter the appliances as new additions to Class 8 in the CCA section of the T776. Then if you designated a value in the purchase agreement for these assets use that value as the disposition amount. If no value was given the use a value of $1.00. This will result in a terminal loss for the appliances.
sctnapier1
New Member
jmorchyk
New Member
elac981549
New Member
kris210
New Member
syedghazna
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.