IRonMaN
Level 15
04-05-2023
09:23 AM
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Yes, you show a selling price for each of the assets sold, or you could delete the assets and just enter as one total showing sales price, cost, and accumulated depreciation. You may want to report an installment sale if it is beneficial to the seller, but if they sold assets that resulted in depreciation recapture that generated the gain, all of the gain would be reported in the year of sale anyway.
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