ProConnect HelpIntuit HelpIntuit

Common Questions about Corporate Depreciation Disposition Overrides in ProConnect

SOLVEDby IntuitUpdated August 17, 2023

Disposition overrides available under Depreciation

  • Total gain (loss) [O] - This entry overrides the calculation of the total gain or loss. For Form 4797, this entry must include the ordinary and capital gain. Refer to "Ordinary Income Portion Under Recapture Rules [O]." When the gain is zero, enter -1.
  • Ordinary income portion under recapture rules [O] - This entry overrides the calculation of the ordinary income portion under recapture rules. When you override total gain, you must enter the ordinary income portion under recapture rules in this input field. Enter -1 if the ordinary income is zero.

Was this helpful?

You must sign in to vote, reply, or post
ProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads