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As shown on the Asset List, CLS disposed of five assets during the current year. Below is sales proceeds information for each asset. Use this
As shown on the Asset List, CLS disposed of five assets during the current year. Below is sales proceeds information for each asset. Use this information, the data found in the Asset List, and the output of your Alteryx workflow to compute, for each asset: a) adjusted tax basis at the date of sale, b) gain or loss on sale, c) depreciation recapture under Sec. 1245, and d) the amount and character of any gain or loss that exceeds ordinary income due to depreciation recapture. As shown on the Asset List, CLS disposed of five assets during the current year. Below is sales proceeds information for each asset. Use this information, the data found in the Asset List, and the output of your Alteryx workflow to compute, for each asset: a) adjusted tax basis at the date of sale, b) gain or loss on sale, c) depreciation recapture under Sec. 1245, and d) the amount and character of any gain or loss that exceeds ordinary income due to depreciation recapture
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