Tomcpa04
Level 2
02-28-2021
04:58 PM
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Where do I report Sec. 179 depreciation recapture so that it flows to Sch E page 2. The recapture is on
the sales of an asset on one of the Partnerships that flows to Sch E.I can't seem to find any of the worksheets (or just overlooking) a line item to report it on. Any help will be greatly appreciated.
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abctax55
Level 15
02-28-2021
05:09 PM
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Check F 4797.
"*******Tax software is no substitute for a professional tax preparer*******
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TaxGuyBill
Level 15
02-28-2021
08:18 PM
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As was pointed out, the very bottom of Form 4797 is the section you need.
If I remember correctly, it is a completely manual thing. You need to manually calculate it and manually enter the result where it needs to be.
