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Best Answer Click here
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If you do not want to import the details into the depreciation screen, you can enter the disposition details directly on Screen 17.1. The amount of depreciation allowed is entered under the "Form 4797". You can then also link the sale to the relevant business under the section for "Corresponding Activity Information" with the following dropdown:
- Form number of related activity (Ctrl+T)
- Activity name or number (Ctrl+T)
You should, nevertheless, note that your CY depreciation allowance will still need to be entered separately for the relevant business activities.
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I would just import the data to Lacerte as the safest method. https://accountants-community.intuit.com/articles/1862398-fixed-asset-import-common-questions
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Agree with George. Also check that you have each asset/bulk disposition tied to the relevant schedule and activity under Federal Depreciation / General. So long as that particular activity is eligible for QBID, the sale would then be taken into account.
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I'm having this exact same issue with Proseries. Any insight on the ProSeries software by chance?
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@hollyjonescpaSuggest you open a new thread of your own.
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