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Level 1
April 24, 2020
Question

1120S Line 14 Depreciation not claimed on Form 1125-A

  • April 24, 2020
  • 1 reply
  • 6 views

I can't get my number to show up on line item 14 of the first page of my 1120-S. I got Form 4562 to show up and it shows my depreciation, but the depreciation will not show up on the 1120-S form.

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1 reply

Level 3
April 28, 2020

My S-Corps are taking my depreciation to form 8825 for rental properties.  

Confirm for asset entry you are using code "1-Form 1120S" to direct your depreciation to line 14 and you have an appropriated method selected.  

Best of luck.