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Truck no longer listed property, converted to personal use. How do I note this in Lacerte?

SGrundmanEA
Level 1

Client is getting rid of business, listed vehicle. I thought there was recapture when use went to less than 50%, but I don't know what I need to do in Lacerte to trigger that. Thanks in advance. 

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2 Comments 2
sjrcpa
Level 15

You need to manually compute it. Then enter in the Dispositions Screen-Carryovers/Misc Info


Ex-AllStar
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SGrundmanEA
Level 1

Dang. Ok. I was looking for a beautiful button that would do it for me! Thanks. 

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