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    Lease Cancellation Fee - 1234A

    TaxGirl3
    Level 5

    S-Corp is being paid a land lease cancellation fee that, under 1234A, qualifies as a sale of a capital asset (it was not 1231 property).  How do I enter that gain in Lacerte?  The regular disposition screen?  Anything else I should be thinking about?  Thank you!

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    1 Comment 1
    TaxGirl3
    Level 5

    Any thoughts?

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