hharkenrider
Level 1
‎12-22-2021 04:56 PM

I have a dissolved S corporation for 2019 and need to  have depreciation recaptured and reported as ordinary income for the assets that were transferred to the shareholders.  I am not able to see this how to do this using ProConnect.  All help is appreciated.  The only article I have been able to find was for Lacerte

0 Cheers
George4Tacks
Level 15
‎12-22-2021 06:24 PM

17 k should have a layout that you would enter as a disposition of asset Look at the Shareholder Instructions

V is entered in the 199A section - see image

Capture.JPG


Answers are easy. Questions are hard!