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Deductions & credits
This is an update to my original question. I was able to get the Section 179 recapture amount to flow to page 2 of Schedule E by doing the following:
- In "Forms View", go to K-1 Additional Info Worksheet
- Scroll to Line 5 (not Line 6) (under Code I) "Other nonpassive income (loss)"
- Enter "Recapture of Section 179 Depreciation" on the description line
- Enter the amount of recapture of $593
By doing the steps just listed, the recapture now shows up on Schedule E, page 2 as "Non-Passive Income from Schedule K-1".
‎April 9, 2023
6:47 PM
246 Views