I need to report a casualty loss on a partnership return. The asset has no value and has not yet been replaced. Ho do you report the total loss and remove from the depreciation schedule?
Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
In the Depreciation screen for that asset, mark the disposition date, then go down to the Casualty/Theft 4684 section
In the Depreciation screen for that asset, mark the disposition date, then go down to the Casualty/Theft 4684 section
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.