LagunaPro
Level 1

I'm trying to e-file 2021 short year partnership tax return in 2020 Lacerte. The partnership sold all of their assets in 2021 which I entered in depreciation (screen 14 - general disposition information and sale of asset). I did it as a bulk sale. However, it doesn't generate form 4797, but it does show date sold in depreciation schedule. Any ideas how  to resolve this?

 

0 Cheers
sjrcpa
Level 15

Did you enter a sales price?


The more I know the more I don’t know.
LagunaPro
Level 1

Yes, I entered sales price and matched all the assets to the asset that has the price entered. 

0 Cheers
sjrcpa
Level 15

Was Section 179 claimed on the assets?


The more I know the more I don’t know.
LagunaPro
Level 1

One of them claimed 179 in 2018

0 Cheers