Intuit Accountants Community
:
ProSeries Tax
:
ProSeries Tax Discussions
:
Re: When S Corp abandons leasehold improvements with unused depreciation, is it correct to write off unused amount on 1120S?
sjrcpa
Level 15
04-09-2022
01:40 PM
Mark as New
Bookmark
Subscribe
Permalink
Print
Report Inappropriate Content
I don't know that I'd call it depreciation but yes you get a loss for the remaining basis.
Ex-AllStar
1
Cheer
Reply