K-1 179 Dispositions is missing items

Forum|Forum|1 year ago
February 20, 2025
1 reply
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I'm closing a small business. I have 11 items entered into TurboTax Business' Business Asset Summary with "Date Disposed Of" in 2024. The K-1 TurboTax generates includes a 179 Dispositions page, but it only lists 6 of the 11 items. When I go to Forms View, I can see all the assets listed under a 1120S Depr Opt section and all have the Date of disposition correctly filled out. Why does the K-1 have a subset of what I entered into TurboTax? Is this a bug or is there some reason? Version says WinBixRelease 024.000.0205.

TurboTax Business Windows

PatriciaV

Employee

The printed (PDF) copy of Sec 179 Dispositions Report should have multiple pages to report all disposed assets affected by Section 179. (Eleven assets would require 3 pages.)

In Forms view, there is a gray scrollbar on the right side of the list that allows you to review all lines.

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User_JoeAuthor

The K-1 PDF does not include all of the items. That is where I first noticed the issue.

How do I contact TurboTax to get this fixed (well) before March 15?

PatriciaV

Employee

We have tested creating a PDF of Schedule K-1 but are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2024" file to test this issue further.

If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, please follow these instructions:

In TurboTax Business, open your return and go to Online in the TurboTax header.

Choose Send Tax File to Agent.
You will see a message explaining what the diagnostic copy is.  Click Send on this screen and wait for the Token number to appear.
Reply to this thread with a screenshot of your Token number (this avoids Community filters for numbers with a dash) and tag (@) the Expert requesting the token from you.
Please include any States that are part of your return - this is VERY important.

We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution.

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