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

5jspallino
Level 2

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

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IRonMaN
Level 15

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!

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3 Comments 3
IRonMaN
Level 15

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!
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5jspallino
Level 2
Confirming each asset entry worksheet associated with the real property requires completion of "Date of disposition" field?
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IRonMaN
Level 15
Yes.

Slava Ukraini!
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