Jump to content
ATX Community

Section 179 recapture S corp to personal return


Recommended Posts

Posted

Form 1120 S reflects sale of equipment.  Original cost 10,000, Sect 179 10,000 in 2016.  During 2019, sold this asset for $6500.  How is this to be input into ATX on the individual side?  

 

Thanks,

Bonnie

 

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...