After reviewing assets with a single shareholder S-Corp, it was identified that some of their assets were given to me twice to begin the depreciation in 2006 & 2007.Urghhhh!!! My first thoughts to correct this is to show a disposition of the phantom assets on form 4797 as sold for the initial cost and reclaiming the accumulated depreciation to show a gain on the sale that would reduce the current 156K loss. While this sounds a little off does anyone see a problem with this? I know there is