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Level 1
August 25, 2020
Question

partial asset disposition

  • August 25, 2020
  • 1 reply
  • 12 views

How do you enter a partial asset disposition and get the loss to go to PART II of FORM 4797

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    1 reply

    Accountant-Man
    Level 13
    August 26, 2020

    Break the asset into two pieces, the piece remaining and the piece disposed. Allocate the depreciation between the two pieces.

    Then dispose of the one piece.

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