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.
05421
5 Replies
tagteam
Level 15
Sep 5, 2022 3:56:17 PM
Your K-1(s) should show "STMT" (Box L) and there should be a supplemental K-1 179 Report.
RosyB
New Member
Sep 5, 2022 8:54:54 PM
That statement is not there!
tagteam
Level 15
Sep 6, 2022 6:59:53 AM
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?