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What form, sale of depreciated business assets- sole proprietor- closed business

Our business was destroyed by Hurricane Michael in Oct 2018. No business conducted in 2019. We sold about $2,500 of assets from the business in 2019. The business was a sole proprietorship.
I have a 'Depreciation Detail Listing' with freezers at a cost of $3,722 and a boat at $500, both full depreciated. I sold the freezers for $650. I sold the boat for $500.
I also sold misc items, coolers, bags, ice box, etc at $1,935. These items were written off the day they were purchased. I don't know what form(s) to put these items on. Can you help?
Thank you, Mike
We are fully retired and trying to plan my withdrawals before year end. I had been planning IRA withdrawals and some Roth Conversions, but found I can have LTCGs from a taxable account up to $78,750 and pay 0% tax, so I'm rethinking my 12% IRA withdrawals for 0% LTCGs.
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amdx
Form 4797, "Sales of Business Assets".
You may still have a schedule C.
-- Arthur L. Rubin, Brea, CA.
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Arthur Rubin
I had a wonder about a schedule C, does the 4797 trigger that, OR, what would cause us to need a schedule C?
Thanks, Mikek
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If a form 4797 entry maps to Schedule C, or if you have additional income (unlikely at this point) or expenses (mooring fee for the boat?) related to the business, you should file a Schedule C.
-- Arthur L. Rubin, Brea, CA
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Arthur Rubin
Just to clarify, both the items that were depreciated over years and the items that were just daily expenses end up on the same 4797 form?
Thank you, Mikek
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amdx
Daily expenses aren't reflected on the 4797 form; there is one 4797 per business, but multiple assets are reflected on the same 4797.
-- Arthur Rubin, Brea, CA
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Arthur Rubin
Daily expenses aren't reflected on the 4797 form; there is one 4797 per business, but multiple assets are reflected on the same 4797.
-- Arthur Rubin, Brea, CA
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Arthur Rubin
So, I have several items, that were expensed on the daily income and expense sheets. I sold these the year after the business closed. I sold these items in 2019, 48qt ice coolers, misc. meat hooks, plastic bags, fiberglass ice box, etc. If they don't belong on the 4797 form, where do I put them?
Thanks,Mike
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