Discussion:K-1 Disposition of Prior Sec 179 Exp

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Revision as of 21:32, 24 September 2006

Discussion Forum Index --> Tax Questions --> K-1 Disposition of Prior Sec 179 Exp

Lois (talk|edits) said:

24 September 2006
Client has a K-1 with box 17E for two assets there were disposed of with prior section 179 expense. How do I treat this? One of the assets is a 2003 Trailer of which $17,323 was Sec 179 and the K-1 says $0 (no) depreciatio allowed or allowable. The other asset is a 2001 Navigator of which $12,000 Sec 179 was previously reported and $5,536 was allowed or allowable.