Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Section 179 recapture on sale of partnership asset.

pbuckman
Level 1

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.

0 Cheers