Essentially, you should be able to take a loss for your adjusted basis in the property when it was destroyed. The mechanics for claiming this will be slightly different for a business than an individual (and it sounds like you'll be claiming it for both).
Our business was us, it was a sole proprietorship. I'm not sure how that fits your business/individual equation, I think it is all personal, no LLC, S corp or corporation
Looking at my 2017 Depreciation Detail Listing, I only have 5 items, Boat, Freezers, Generator, Ice machine and our Van. They have all been completely depreciated.
However, I have many items I never put on a depreciation schedule, some were just a write off when I bought them, such as, Window air conditioner, Small scales, large scales, Gloves, Bags.
Others were just accumulations or items we moved from ours to business use, TV, VCR, DVR, Microwave oven, Fan, Heater, refrigerator, hand tools, knives, tackle box, clock, silverware, and food.
I'm starting to think as I sell the left over items, Freezers, ice machines, Van and generator I'll be adding more income for the year. And the boat will just be a wash, no loss because it has been fully depreciated.
I would like to complete the dissolution in 2018, but I doubt, I'll be able get all the leftovers sold this year, especially with the poor internet service I have. I can't even seem to get a picture sent yet.
Your feedback is appreciated.