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Level 1
January 31, 2025
Question

how do I add a depreciable asset to the tax return?

  • January 31, 2025
  • 2 replies
  • 13 views
what form do I use to add assets subject to depreciation?
    This topic has been closed for replies.

    2 replies

    Level 5
    January 31, 2025

    Every module has a Depreciation input tab. When you open a client, click on the "General" button under the top banner and look for "Table of Contents." Look for "Depreciation (4562)" in the table of contents. For example, in the S corporation module, it is under Ordinary Income, tab 16.

    George4Tacks
    Level 15
    January 31, 2025
    Answers are easy. Questions are hard!