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Form 7203 and disposition of Section 179 assets

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Form 7203 and disposition of Section 179 assets

chc

The disposition of an asset on with Section 179 expense does not carryover to the Form 7203 when transferring between S corporation program and individual program. 

The disposition transfers correctly to Form 4797 properly. 

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1 Comment
sjrcpa
Level 15

Some things don't transfer. Enter it yourself in the 1040.

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