Thanks,
QUESTION 1- On the Section 179 Disposition Report, what should be listed as the sales price? Asset was purchased in 2019 for $46,580 and fully depreciated through 179. If I add a straight line year of depreciation for 2019 of $9,316 ($46,580/5) should I list the "sales price" as $37,264 ($46,580 - $9,316)? I didn't sell the asset only removed it from the business. As such, should I leave sales price blank and add the $9,316 in the allowable depreciation column (g)?
QUESTION 2- Section 179 Disposition Report indicates that these assets should not be entered on Asset Entry Worksheets. It exists there from last year. How do I remove it from this sheet or is that necessary?
QUESTION 3- I need to allocate this to a single partner (A). I see the SA box on the Section 179 Disposition Report. I have put a 1 (?) in this box. Where do I add that on Partner As K1 to pull in the total recapture?
