Bonnie
Level 3
03-28-2019
03:56 PM
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Clarification:
4-If the business has used Sec 179 depreciation or 5-bonus depreciation, I thought I heard that there was a provision for adjusting the Net Income on the Sch C or Line 1 of the K-1 for an amount that would be "normal" depreciation, rather than accelerated depreciation.
Happy with your other answer.
Bonnie