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Federal input screens

Screen 8824PT - Like-Kind Exchange of Section 179 Assets (1065)

Overview

Use this screen to enter information for the like-kind exchange of current year assets for which a section 179 expense deduction was previously passed through to the partners. Form 8824 is not completed for these types of asset dispositions. Instead, each asset disposition is separately reported on the Section 179 Like-Kind Exchanges Worksheet for Schedules K and K-1. Like-kind exchange information transfers directly to Screen 8824PT from the asset module where applicable.

General Information

Enter the description of the property given up. The application uses this description on the Section 179 Like-Kind Exchange Worksheet and in the folders block of the form view. This field is mandatory.

Information on the Exchange

Enter data in these fields to override data transferred from the asset module or to manually enter asset information when you do not use the asset module. Enter
V
 to print "Various" for the date. Enter
I
 to print "Inherit" for the date.
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