rbynaker
Level 14
12-06-2019
05:50 PM
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I don't do a lot of LKE but I see where you're coming from. Maybe if you treated the two assets as a group sale? Or really just manually allocate the "sale price" (trade-in value) between the two assets, that should get you the correct tax on the depreciation recapture. I *think*.
Rick
(And just for clarification, folks with the Moderator tag work for Intuit, folks with the AllStar tag are just fellow users who've been around the block for a few years. Or at least long enough to give hundreds/thousands of answers here!)
Rick
(And just for clarification, folks with the Moderator tag work for Intuit, folks with the AllStar tag are just fellow users who've been around the block for a few years. Or at least long enough to give hundreds/thousands of answers here!)