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Level 1
February 24, 2022
Question

DEPRECIATION NOT FLOWING

  • February 24, 2022
  • 1 reply
  • 4 views

THE DEPRECIATION ON FORM 4562 IS NOT FLOWING OR AUTOMATICALLY TRANSFER TO THE NEXT YEAR

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1 reply

Level 15
February 24, 2022

The depreciation is on the Asset Entry Worksheet.  Are you saying the Asset Entry Worksheet is showing $0 for the current year depreciation?

If so, is it fully depreciated (such as from using Bonus depreciation in the first year?