snowshoe
Level 2
01-23-2023
09:52 PM
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I have a client who has a fishing boat that we have listed as an asset on a schedule C. After 2 years, the boat was repossessed/relinquished for inability to pay for it. TP states that the entire amount was still owed. TP had taken depreciation for the 2 years. No 1099C was received. How do I enter this in Proseries? I had hoped it could all be done on the disposition section- but that doesn't look right to me. Thank you in advance for your help!!
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