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

Short year final tax return - how to generate 4797?

LagunaPro
Level 1

I'm trying to e-file 2021 short year partnership tax return in 2020 Lacerte. The partnership sold all of their assets in 2021 which I entered in depreciation (screen 14 - general disposition information and sale of asset). I did it as a bulk sale. However, it doesn't generate form 4797, but it does show date sold in depreciation schedule. Any ideas how  to resolve this?

 

0 Cheers

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

4 Comments 4
sjrcpa
Level 15

Did you enter a sales price?

The more I know, the more I don't know.
LagunaPro
Level 1

Yes, I entered sales price and matched all the assets to the asset that has the price entered. 

0 Cheers
sjrcpa
Level 15

Was Section 179 claimed on the assets?

The more I know, the more I don't know.
LagunaPro
Level 1

One of them claimed 179 in 2018

0 Cheers