RachelM
Returning Member

Business & farm

I tried entering this data straight into the forms and they did NOT calculate the gain properly.

*Date of dispostion

*Asset Sales price

*Property Type (most of the assets I need to dispose of are cattle, but a few other things also). 

Most of the items I'm trying to dispose of are cattle that were previously section 179'ed, so it should be recapturing the income for a gain, but on one that was bought for $2260 (section 179'ed) and sold for $2200, was showing a $60 loss.  

AND after I entered 4 cows manually in the form, the "UPDATE"  button to open the "Dispose of Farm Property" button wouldn't even click to open at all. I deleted all of the data from the dispersal sections and now it will let me open the "Use of Your Business Assets" page again where the question "Did you Dispose of any assets in 2023" appears, but I still can't get it to "Contiue" when I click the blue Continue button to try and enter the disposal information with the step-by-step guide.