@DianeW777
Unfortunately, the procedure is infinitely more complicated when using TurboTax products.
First of all, TurboTax Business does not have an option to make a selection for business use dropping below 50% in the disposition of assets section of the program.
In TurboTax Business, there is no way to generate a K-1 with a M code on Line 20, without resorting to Forms Mode and even then there is no way to generate a statement outlining the amount of Section 179 recapture (other than a separate, miscellaneous statement).
Further complicating this issue is a TurboTax user needs a personal desktop product to input information from a K-1 with Section 179 recapture since Step-by-Step does not appear to report it correctly (if at all).
Finally, a user will need to use Forms Mode in a TurboTax personal desktop product and will need to know exactly where to input the figure from the K-1 Line 20(M).
