Dispose of asset

[Benny12]

Two person LLC - sold a truck which had a section 179 deduction and was fully depreciated. I answered the questions and  input the sale of the truck. TT has entered a code L in box 20 on the K1 which only accounts for the section 179 deduction. There is a 20,000 gain on the sale of the vehicle. I read that if a Section 179 was allowed on an asset the sale does not carry to form 4797 (for llc -partnership) but the information is provided on  Schedule K-1 Box 20.  There is no form 4797 which I guess is correct but I don't know how to input the sale amount in the K-1.

[Mike9241]

on your TurboTax k-1 use the dropdown to get to code M for line 20 which is for section 179 recapture. 

Code M. Recapture of section 179 deduction. The partnership will report your share of any recapture of the section 179 expense deduction if business use of any property for which the section 179 expense deduction was passed through to partners dropped to 50% or less. If this occurs, the partnership must provide the following information.
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Your share of the depreciation allowed or allowable (not including the section 179 expense deduction).
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Your share of the section 179 expense deduction (if any) passed through for the property and the partnership’s tax year(s) in which the amount was passed through. Reduce this amount by the portion, if any, of your unused (carryover) section 179 expense deduction for this property.

[Benny12]

 Hi Mike:
I was getting too frustrated when I asked my question last night and didn't explain it correctly. Anyway, TT had already filled in Box 20 with Code L  and it said " See attached Section 179 Disposition Report".  I had assumed that meant it was only dealing with the 179 deduction taken and not the sale. I looked up those reports this morning and that's the information I need for each partner.  So I guess now I can input the amounts from the K1 dispo reports into our form 1040s. I appreciate the time you took to respond to me. Thank you.