Accountant-Man
Level 13

Check box on depr worksheet for the 754 asset, above this year's depr expense. Then go to the Sch k-1 w/s to specially allocate this amount. It shows on Sch K and K-1 as Other deductions Box 13, code W.

You have to add a footnote or schedule showing your calculation of the step up and which assets it belongs to.

** I'm still a champion... of the world! Even without The Lounge.