Hi my name is ***** *****. I am working on a 1065 and have a sale of a section 179 asset
. I understand the mechanics and reporting
requirements of the sale itself, however, I am trying to figure out how I need to account for the amount on Schedules M-1 and/or M-2. I have seen some info that says I do put the amount on M-1 (I had put it on Line 6a but not sure if I report it there or in Line 4a) Also, I am not sure if I need to account for it on M-2, and if so, where, and as a positive or negative number ??
JA: Thanks. Can you give me any more details about your issue?
Customer: The amount of the 179 recapture is $7,500.
JA: OK got it. Last thing — Tax
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