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Re: recaptured depreciation

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June 22, 2015 09:57AM
Rich -

To record this as ordinary income and keep it off their Schedule F, you can use the Family Living with an account for this purpose, such as Non taxable Equipment Sale.

In the income sales and deposits screen, select the family living button on the right. You can set up a new account for the income (if desired), and enter the amount.

In the bottom half of the transaction, deposit into the appropriate account.

I hope this helps.

Jeff Geiger
TABS Support

recaptured depreciation

RichJune 19, 2015 01:07PM

Re: recaptured depreciation

Jeff GeigerJune 22, 2015 09:57AM

Re: recaptured depreciation

Don GarrettJune 23, 2015 05:29PM

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