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New Member
posted Sep 5, 2022 3:29:09 PM

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.

0 5 421
5 Replies
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.

New Member
Sep 5, 2022 8:54:54 PM

That statement is not there! 

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?

New Member
Sep 6, 2022 10:54:22 AM

Yes I did.

Level 15
Sep 6, 2022 12:11:16 PM

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