inbb2b
Returning Member

business losses from forced closure by owner on form 1065

The owner/landlord escorted us out of a restaurant we ran as an LLC and kept everything.

I put closing date of 4/30/2025 and it finished depreciation of $25K of appliances and it propagated to form 4797

 

Where would I input the losses from $20K of inventory, $30K of furniture, 8 TV's, POS system and many other assets that I did not previous depreciate and owner kept. I see dispose of business property but that doesn't propagate to form 4797