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

SGrundmanEA · ‎03-03-2022

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.

sjrcpa · ‎03-03-2022

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.

SGrundmanEA · ‎03-03-2022

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

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

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