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Consolidated 1120-Section 179 in Subsidiary's Input

Level 2

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?



0 Cheers