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Nicole operates her personal training business as a sole proprietor. She took $15,350 in bonus depreciation in 2020 for fitness equipment she purchased. Nicole sold
Nicole operates her personal training business as a sole proprietor. She took $15,350 in bonus depreciation in 2020 for fitness equipment she purchased. Nicole sold the equipment in 2022 for $4,500. How does Nicole report the $4,500 on her 2022 tax return?
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