What screen and section will allow me to input to recapture depreciation for assets that have less than 50% business use on Form 4797, part IV (Page 2) under the Section 280F (b)(2)?
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Lacerte will generate a diagnostic reminding you that income from the recapture must be manually entered as other income on the form or schedule that originally took the deduction. See Troubleshooting diagnostic ref. 2025063 – Recapture amounts from Form 4797, Part IV for more info.
Lacerte will generate a diagnostic reminding you that income from the recapture must be manually entered as other income on the form or schedule that originally took the deduction. See Troubleshooting diagnostic ref. 2025063 – Recapture amounts from Form 4797, Part IV for more info.
".........be manually entered as other income on the form or schedule that originally took the deduction"
How many times does THIS get missed <w>
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