Discussion:Accounting for partneship sale of sec 179 property.
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Discussion Forum Index --> Accounting Questions --> Accounting for partneship sale of sec 179 property.
| 28 March 2008 | |
| I know partnerships do not report sec 179 asset disposition on fm 4797, 4684, or 8824 but must provide all the details of the disposition to be separately reported on the partners' K-1 based on their propotionate shares. But what journal entries do you make to record the transaction on the partnership books? How are they different from those you would make to record any other asset disposition? | |
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