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Level 3
December 7, 2019
Solved

Partnership distributed real property to partners mid-year, how do I stop program depreciation calcs as of the distribution date?

  • December 7, 2019
  • 3 replies
  • 16 views

This property has seven associated asset entry worksheets.  Must I adjust each of them?

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Best answer by IRonMaN

Enter the distribution date as a sale date on the asset entry worksheet but don't enter any dollar amounts in the sales price box.

3 replies

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

Enter the distribution date as a sale date on the asset entry worksheet but don't enter any dollar amounts in the sales price box.

Slava Ukraini!
Level 3
December 7, 2019
Confirming each asset entry worksheet associated with the real property requires completion of "Date of disposition" field?