How do I get abandoned assets to show up on line 10 of the 4797

[willatbird]

Client abandoned Leasehold Improvements and Equipment. I put in a -1 for Sales Price on the depreciation input, but it's showing up in Part 1 of the 4797. How do I get it to flow to part II instead?

THANK YOU!

[kgreen8393 · Accepted solution]

Select 1=Short Term in the disposition screen and then it should be reported on line 10

[willatbird]

I'm using the depreciation input screen for the disposal. Does this mean I have to move everything over to the Disposition screen? I was trying to avoid that.

[abctax55]

Did you enter the sales date (date of abandonment?)

[willatbird]

Yes. It will show up in Part I of the 4797, but not part II. I've given up on using the Depreciation input for the disposition and entered it all on the Disposition entry screen. 

[abctax55]

There's a spot to enter "  -1 " to trigger F 4797

[willatbird]

No Problem getting it to Form 4797, just a problem getting it to Part II from the Depreciation input screen.

[Kevin425]

I just encountered this also. In Depreciation "Additional Disposition Information", entering "1" for short-term puts the asset on line 10 of form 4797.