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Lacerte Diagnostics
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October 2, 2020

2000274

  • October 2, 2020
  • 0 replies
  • 35 views

The following diagnostic is generating:

Depreciable asset #{DeprecNum} has a depreciation recapture method (1245, 1250, etc.) that differs from the main asset of the bulk sale in which it is included. For the depreciation recapture to be correctly reported on Form 4797, this asset should be input as a separate sale.

Solution:

https://accountants.intuit.com/support/en-us/help-article/asset-depreciation/troubleshooting-lacerte-diagnostic-ref-2000274/L62KLkqYj_US_en_US

Does not prevent e-filing.

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