Screen DCK1Sale - District of Columbia Sale of Section 179 from PTE (1120)

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Overview

Use this screen to enter sales information for asset dispositions that were separately stated on the Form 1065, Schedule K-1.

General Information

The information in this section applies to sales of assets that were passed through from the partnership to the C Corporation or S Corporation partner.
Enter
X
to indicate that the corresponding federal sale of section 179 QRP does not apply for state purposes, so the sale is not reported. The screen is completed for consistency with the corresponding federal screen unit.

Sale Information

Use this section to enter the sales information for asset dispositions that were separately stated on the Form 1065, Schedule K-1.

Installment Sale Information

Use this section to enter current-year installment sale information of assets for which a section 179 expense deduction was previously passed through to the partner. Enter the remaining gross profit amount as of the beginning of the year.
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