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Level 2
May 5, 2021
Question

I have a final Partnership Return that I need to dispose of assets- went with the sale of the business. How can I do a bulk disposal?

  • May 5, 2021
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bulk disposal of assets
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1 reply

George4Tacks
Level 15
May 5, 2021

In the depreciation entry, enter a SALE DATE. If not sold, don't enter a sales price. The depreciation schedule will show you the remaining depreciable basis that would be a distribution to the party taking the asset. 

If it is a sale, you need to do more work. Post back here if you need help. You should find what you need here: https://proconnect.intuit.com/community/form-8949/help/entering-a-sale-or-disposition-of-assets/00/5249

 

Answers are easy. Questions are hard!