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    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?

     

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    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. 

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    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

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