Skip to main content
Level 1
March 26, 2023
New

Form 7203 and disposition of Section 179 assets

Related products:Lacerte
  • March 26, 2023
  • 1 reply
  • 5 views

The disposition of an asset on with Section 179 expense does not carryover to the Form 7203 when transferring between S corporation program and individual program. 

The disposition transfers correctly to Form 4797 properly. 

This topic has been closed for replies.

1 reply

sjrcpa
Level 15
March 26, 2023

Some things don't transfer. Enter it yourself in the 1040.

The more I know the more I don’t know.