Accountant-Man
Level 13
10-27-2020
11:20 AM
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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.
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