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Sec 179 Recapture

Level 2

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 Comments 2
Level 15

Check F 4797.

"*******Tax software is no substitute for a professional tax preparer*******
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Level 15

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.

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