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RosyB
New Member

I have a turbo Tax Business and need to report a disposition of a Partnership asset with section 179. I already entered the information on Box 20, Code L but is not populating the supplemental information report on the disposition.

 
5 Replies
tagteam
Level 15

I have a turbo Tax Business and need to report a disposition of a Partnership asset with section 179. I already entered the information on Box 20, Code L but is not populating the supplemental information report on the disposition.

Your K-1(s) should show "STMT" (Box L) and there should be a supplemental K-1 179 Report.

RosyB
New Member

I have a turbo Tax Business and need to report a disposition of a Partnership asset with section 179. I already entered the information on Box 20, Code L but is not populating the supplemental information report on the disposition.

That statement is not there! 

tagteam
Level 15

I have a turbo Tax Business and need to report a disposition of a Partnership asset with section 179. I already entered the information on Box 20, Code L but is not populating the supplemental information report on the disposition.

Need more details. 

 

Did you dispose of the asset in the program? If so, did you indicate you previously took a Section 179 deduction and enter an amount?

RosyB
New Member

I have a turbo Tax Business and need to report a disposition of a Partnership asset with section 179. I already entered the information on Box 20, Code L but is not populating the supplemental information report on the disposition.

Yes I did.

tagteam
Level 15

I have a turbo Tax Business and need to report a disposition of a Partnership asset with section 179. I already entered the information on Box 20, Code L but is not populating the supplemental information report on the disposition.

Are you looking in Forms Mode below the K-1(s)?

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