TaxGirl3
Level 5
11-24-2021
10:37 AM
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S-Corp is being paid a land lease cancellation fee that, under 1234A, qualifies as a sale of a capital asset (it was not 1231 property). How do I enter that gain in Lacerte? The regular disposition screen? Anything else I should be thinking about? Thank you!
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TaxGirl3
Level 5
12-01-2021
08:00 AM
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Any thoughts?