Discussion:K-1 Disposition of Prior Sec 179 Exp
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| Revision as of 21:32, 24 September 2006 Lois (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 20:48, 25 September 2006 Lois (Talk | contribs) (Does anybody out) Next diff → |
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| {{ForumNewPost|UserID=Lois|Date=24 September 2006|Text=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.}} | {{ForumNewPost|UserID=Lois|Date=24 September 2006|Text=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.}} | ||
| + | |||
| + | {{ForumReplyPost|UserID=Lois|Date=25 September 2006|Text=Does anybody out there know how to treat this on the 1040? | ||
| + | I would greatly appreciate guidance.}} | ||
Revision as of 20:48, 25 September 2006
Discussion Forum Index --> Tax Questions --> K-1 Disposition of Prior Sec 179 Exp
| 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. | |
| 25 September 2006 | |
| Does anybody out there know how to treat this on the 1040?
I would greatly appreciate guidance. | |
