DFerriera
Level 1
03-29-2024
07:39 AM
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I had $5,000 land sitting on the balance sheet for a 1065 return. It was sold in bulk the previous year but did not connect it to the bulk sales to the building. This year saw it and just deleted it without thinking the impact. Now I am unsure how to get it off the balance sheet without the asset in my depreciations creen.