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April 11, 2023
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How do I report the gain on the sale of an asset?

  • April 11, 2023
  • 1 reply
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Equipment that had depreciated was sold.  I want to report in on Schedule D but I can't find anyway to get there.
Best answer by Anonymous_

@gailynne wrote:
Equipment that had depreciated was sold.  I want to report in on Schedule D but I can't find anyway to get there.

Look for the Sale of Business Property section.

 

The sale of the equipment will initially be reported on Form 4797.

1 reply

Employee
April 11, 2023

@gailynne wrote:
Equipment that had depreciated was sold.  I want to report in on Schedule D but I can't find anyway to get there.

Look for the Sale of Business Property section.

 

The sale of the equipment will initially be reported on Form 4797.