I appreciate your responses.
However, none have addressed my question.
In TT (in the OP I accidentally put QB)How do I handle an asset that still has some basis left when I offset it with the last of the forgiven debt? I ended up just inputting the "disposal" date which stopped the depreciation and 2nd quarter with no other tax effect. Then started a "new" asset with the basis being the remaining basis.
Do you know of another way to handle this?
