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- Consolidated 1120-Section 179 in Subsidiary's Input
Consolidated 1120-Section 179 in Subsidiary's Input
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kdt69kac
Level 2
05-22-2024
03:06 PM
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First time doing a Consolidated 1120 in Lacerte.
Consolidated return will have plenty of positive taxable income.
But several subsidiaries have taxable losses - how to enter the fixed asset additions for these subs?
Go ahead in the loss subsidiary and indicate taking section 179?
OR - wait and do that in the Consolidator?
