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posted Feb 17, 2021 11:03:58 AM

I've got a K-1 (S corp shareholder) and box 17 code K has multiple numbers. How do I know which one to use? Disposition of Assets with prior sec. 179 expense.

Sales price, cost, depreciation and sect 179 previously reported are available.  Price and dep. allowed are $0 FYI.

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1 Replies
Level 12
Feb 17, 2021 11:45:57 AM

Use the previous Sec 179 deduction