In 2019 for 2018 filings, I used a tax professional (CPA) as there was a death of a partner in a general partnership.
The Tax Professional analyze the transaction and the result was a step up in basis or 743 (b) asset.
I am looking at the return prepared by the tax professional last year and there are two form 4562 Depreciation and Amortization. One for the business itself and another just for the set-up in basis. That is, where it states business or activity to this which form relates to. One states FORM 8825, Rental Real Estate and "other" FORM 1065, SCHEDULE K. The second 4562, the amount is flowing to the partners' K-1 in Part III box 13 other deductions with a code W.
How or where can create another Form 4562 so that I can add this asset so that it depreciate/amortize it?
How can make sure that it flows correctly to Part III box 13 with code W?
Thank you.