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What do I enter into the Asset Entry worksheet for an asset that I have abandoned, trashed. Do I enter the disposition date and zero as the sales price?

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Level 1
 
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Level 11
Level 11

off the top of my head i would say enter in the date disposed without a sales price and that should eliminate an asset thats been abandoned. 

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Level 11
Level 11

off the top of my head i would say enter in the date disposed without a sales price and that should eliminate an asset thats been abandoned. 

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Level 15
But if it is abandoned/trashed, I think we want to enter a zero sales price.  I think the "without a sales price" thingy only gets used when we stop depreciating an asset but our bony fingers are still clenched to the asset.
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 1
The assets have actually been placed in the dumpster.
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Level 15
You sold it to the dumpster for $0.00.  
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 1
I see your point.
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Level 1
When I enter a $0.00 sale price the transaction gets carried over to Form 4797.  Form 4797 is for the "Sale of Business Property".
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Level 15
Yup, you sold it for $0.00.
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 11
Level 11
Thats why I would put no sales price. You could do as @IRonMaN suggested but as you stated, thats what will happen.
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Level 15
But if the asset has any remaining basis, you want to report a disposition on the 4797 to write off the remaining basis.  If there isn't any remaining basis, it really doesn't matter.
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 11
Level 11
I agree with you there, bud. I took the OP's statement as there was nothing left of asset. But I fully agree with you re: basis.
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Level 1
These comments were all very helpful.  Thank you.
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Level 15
:+1::+1:
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
0 Cheers