Report the current-year sale of an asset
The following input screens are used to report the current-year sale of an asset.
- Sale screen—Use the Sale screen to enter sale information for an asset without a section 179 expense deduction. The sale information that you enter in the Sale screen is used to complete Forms 4797 and 6252.
- SalePT screen—Use the SalePT screen to enter sale information for an asset with a section 179 expense deduction. The sale information that you enter in the SalePT screen is separately stated on Schedule K, line 20c and Schedule K-1, box 20, code L.
- K1Sale screen—Use the K1Sale screen to report separately stated sale information for an asset with a section 179 expense deduction on Schedule K-1, box 20, code L, from a passthrough entity in which the partnership is a partner. The sale information that you enter in the K1Sale screen is separately stated on Schedule K, line 20c and Schedule K-1, box 20, code L.
