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Level 2
February 28, 2021
Question

Sec 179 Recapture

  • February 28, 2021
  • 2 replies
  • 17 views

Where do I report Sec. 179 depreciation recapture so that it flows to Sch E page 2. The recapture is on 

the sales of an asset on one of the Partnerships that flows to Sch E.I can't seem to find any of the worksheets (or just overlooking) a line item to report it on. Any help will be greatly appreciated.

 

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2 replies

abctax55
Level 15
February 28, 2021

Check F 4797.

HumanKind... Be Both
March 1, 2021

As was pointed out, the very bottom of Form 4797 is the section you need.

If I remember correctly, it is a completely manual thing.  You need to manually calculate it and manually enter the result where it needs to be.