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Common Questions about Corporate Depreciation Disposition Overrides in ProConnect

SOLVEDby IntuitUpdated 1 month ago

Disposition overrides available under Depreciation

  • Total gain (loss) [O] - This entry overrides the calculation of the total gain or loss. For Form 4797, this entry must include the ordinary and capital gain. Refer to "Ordinary Income Portion Under Recapture Rules [O]." When the gain is zero, enter -1.
  • Ordinary income portion under recapture rules [O] - This entry overrides the calculation of the ordinary income portion under recapture rules. When you override total gain, you must enter the ordinary income portion under recapture rules in this input field. Enter -1 if the ordinary income is zero.

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