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

Truck no longer listed property, converted to personal use. How do I note this in Lacerte?

SGrundmanEA
Level 1

Client is getting rid of business, listed vehicle. I thought there was recapture when use went to less than 50%, but I don't know what I need to do in Lacerte to trigger that. Thanks in advance. 

0 Cheers
2 Comments 2
sjrcpa
Level 15

You need to manually compute it. Then enter in the Dispositions Screen-Carryovers/Misc Info

The more I know, the more I don't know.
0 Cheers
SGrundmanEA
Level 1

Dang. Ok. I was looking for a beautiful button that would do it for me! Thanks. 

0 Cheers