Were do you put the recapture amount from section 179 sale of assets which was provided to our client on there K-1 in section 17 (see other stmt). In the lacerte program screen 20 there is no spot unless we force it on one of the lines. Thanks
There was a previous question on this posted to this forum (about 2 weeks ago I think). My understanding is that you need to input each asset provided in the supplemental information schedule as asset on the disposition screen, there is a section for 4797 assets, you will need to put the necessary information on the recapture items in the 4797 section. You may also need to check the box (near the top) indicating that this is related to a pass-through entity "Disposition from supplemental K-1 Information".
I hope this helps.
