Screen VTSale - Vermont Sale of Business Property (1120)

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Overview

Use this screen to complete the VT Sale of Business Property Worksheet. All sales information transfers directly to Screen VTSale from the detailed asset data entry, and then is used to complete the VT Sale of Business Property Worksheet.
note
When detailed asset data entry is not used, depreciation information must be entered on this screen to complete the VT Sale of Business Property Worksheet.

Forms 4797 and 6252 - General Information

State does not conform to Section 179 QRP treatment
The application automatically marks this box 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.

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