Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
In preparation for the 3/17 deadline, see our most popular resources on the Hot Topics page. Lacerte | ProConnect | ProSeries
In preparation for the 3/17 deadline, see our most popular resources on the Hot Topics page. Lacerte | ProConnect | ProSeries
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- Section 179 recapture on sale of partnership asset.
Section 179 recapture on sale of partnership asset.
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
pbuckman
Level 1
4 hours ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Section 179 depreciation was elected for an asset purchased in 2020 and traded-in in 2024. Purcahse price $57700, trade in value $47,000. I believe I need to record the recapture of the depreciation and record the sale on form 4797, but don't see how/where to do this on the form.
Labels
