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Business & farm
The sale is recorded in TT. As mentioned:
The asset sale was entered through the Step-by-Step process. The asset was already there from 2021 with the prior 179 deduction. I handled the sale using the "Dispose of Business Property" section under the Income tab. Note the sale does show up in M-1 line 6a as "Disposition of Section 179 Assets" but is not accounted for in M-2.
Is there somewhere else in TT to record such a sale?
‎January 29, 2023
4:00 PM