K-1 179 Dispositions is missing items

[User_Joe]

I'm closing a small business.  I have 11 items entered into TurboTax Business' Business Asset Summary with "Date Disposed Of" in 2024.  The K-1 TurboTax generates includes a 179 Dispositions page, but it only lists 6 of the 11 items.  When I go to Forms View, I can see all the assets listed under a 1120S Depr Opt section and all have the Date of disposition correctly filled out.   Why does the K-1 have a subset of what I entered into TurboTax?  Is this a bug or is there some reason?  Version says WinBixRelease 024.000.0205.

[PatriciaV]

The printed (PDF) copy of Sec 179 Dispositions Report should have multiple pages to report all disposed assets affected by Section 179. (Eleven assets would require 3 pages.) 

In Forms view, there is a gray scrollbar on the right side of the list that allows you to review all lines.

[User_Joe]

The K-1 PDF does not include all of the items.  That is where I first noticed the issue.

How do I contact TurboTax to get this fixed (well) before March 15?

[PatriciaV]

We have tested creating a PDF of Schedule K-1 but are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2024" file to test this issue further.

If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, please follow these instructions: 

In TurboTax Business, open your return and go to Online in the TurboTax header.

1. Choose Send Tax File to Agent.
2. You will see a message explaining what the diagnostic copy is.  Click Send on this screen and wait for the Token number to appear.
3. Reply to this thread with a screenshot of your Token number (this avoids Community filters for numbers with a dash) and tag (@) the Expert requesting the token from you.
4. Please include any States that are part of your return - this is VERY important.

We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution. 

[User_Joe]

I've found inconsistent behavior from TurboTax related to this issue.

On the step-by-step Select Disposed Asset page, I click the Edit button on a disposed computer and go to the "Tell Us Why You Stopped Using This Asset" page.  I have "disposed of by some other means" selected and click Continue.  The "Tell Us More About the Disposal of Your Asset" page has the date 12/31/20204 and I click Continue.  The next page sometimes says "We Thought You'd Like to Know... Since you received nothing of monetary value in return for the Dell Computer, there was no taxable gain or loss to calculate."  When the "We Thought You'd Like to Know" page says that, then the item is not listed in the K-1.

If I repeat those exact same steps for the same item, then the "We Thought You'd Like to Know... " page will say "Because a Section 179 deduction was taken on Dell Computer, its sale is treated differently.  Per IRS instructions, you do not report the sale in this S corporation return.  Instead, information about the sale is passed to the shareholders on the Schedule K-1 and reported in their individual return."  In this case, it does show up on the K-1.

Going through those same steps repeatedly goes back and forth between the two "We Thought You'd Like to Know" pages.  So there is a bug in TurboTax.

[User_Joe]

Were you able to reproduce the issue where the "We Thought You'd Like to Know" page keeps toggling between the two scenarios?

[User_Joe]

Is TurboTax unconcerned with this bug in their software?

[User_Joe]

@PatriciaV did you see the responses above, including how TuboTax toggles between how it handles deposed items?