BethB19
Level 1

How do I handle in Lacerte - I have a final partnership return with a section 179 carryover.  I have properly disposed of the asset in the depreciation screen with no sales price since it was an abandonment of a leasehold improvement.  I am thinking that the disallowed S179 should be released like a passive loss but it does not.  The 4562 still reports a carryover (return is marked final). 

Is there a checkbox I am missing? Trying to figure out how to handle.  I did increase the basis of the property and that did work but the 4797 reporting looks forced. 

 

Anyone?

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