Question
How do I report a loss on abandoned l/h improvements as an ordinary loss on Form 4797 Part II for an S-Corp?
I have assets set up on the depreciation screen and have entered a disposition with zero proceeds. The loss shows as a 1231 loss on part I of the Form 4797. I can't find a way to have it identified as abandoned property to show as an ordinary loss on Part II of the Form 4797.
