Pacun Posted March 5, 2016 Report Share Posted March 5, 2016 Client disposed of a business after two years. The truck was transferred to personal use but I have some start up not completely amortized. I have two questions: What do I do with rest of the amortization? What kind of property is this? Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted March 5, 2016 Report Share Posted March 5, 2016 Take remaining amortization in final year. It's a capital asset, but there will be no loss in this case. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.