Asset Disposition in ProSeries - S-Corporation

Forum|Forum|4 months ago
February 18, 2026
1 reply
9 views

I am looking to dispose of an asset that was previously entered.

I am on the Asset Entry worksheet, I scroll down to dispositions, enter the asset sales, date, and property type.

It is then calculating a gain / loss based on previous information (cost, depreciation).

What are other considerations? I want to ensure the gain / loss is flowing correctly, as right now it doesn't appear to be so, given that substantial depreciation was taken on the asset, the basis is below the sales price, and there should be a split between ordinary income and

ProSeries Professional

dascpa

Level 11

Without a screenshot you didn't give enough information to assist. I've had no problems with the reporting of gain or loss on an asset disposition.

T

troyAuthor

Level 5

And are those the only items you enter on the asset entry worksheet? Does that get it to flow properly to the K-1?

dascpa

Level 11

It'll flow to various places, including if applicable to the K-1. It may flow to the 4797, the Sch D, the Sec 179 disposition worksheet and then from therer to Schedule K and from there to the K-1. Be careful if the state depreciation is different than the Federla depreciation. You may have a decoupling modification on your state return (depending upon the state).

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