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A sale of business property - equipment - sold as a gain. Is the form to use is 4797 and what is the section - 1245 1250 1252 1254 1255. Depreciation must be recaptured

DGL
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George4Tacks
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TaxGuyBill
Level 15
"Equipment" would usually be §1245.  As for the form, when you enter the sale on the Asset Entry Worksheet, the sales information automatically flows to the 4797.
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George4Tacks
Level 15
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