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Level 2
August 26, 2020
Question

Listed Property Options

  • August 26, 2020
  • 2 replies
  • 17 views

Where in the 1120s settings is the option to move listed property to a separate schedule and off form 4562?

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2 replies

Level 15
August 26, 2020

Off of Form 4562?  Isn't Listed Property required to be on Form 4562?

Level 2
August 26, 2020

Yes, but your can reference a separate schedule on form 4562 for the listed property so you don't have 20 pages of form 4562. I know where it is in Pro Systems and Ultratax, but I can't find the setting in Lacerte desktop.

sjrcpa
Level 15
August 27, 2020

I am not aware of a setting in Lacerte. If someone else does, I'll learn something.

The more I know the more I don’t know.
George4Tacks
Level 15
August 27, 2020

If you are referring to the depreciation schedule, you could use the Category [O] to create a category such as LISTED that would show up as a separate group.

Answers are easy. Questions are hard!