Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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!

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Comment 1
TaxGirl3
Level 5

Any thoughts?

0 Cheers