Phil Kinzel
Level 1
04-15-2021
05:27 PM
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How do I enter on form1065 the bulk sale by a partnership of a building and furniture and equipment all of which is almost fully depreciated. The sale is an installment sale. I entered 1 for bulk sale on screen 14. I get several diagnostics that the depreciation method is different from the main asset and the recapture will not be correctly reported on form 4797.
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