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Level 1
May 1, 2020
Question

Why doesn't depreciation schedule show amortization instead of deprecation?

  • May 1, 2020
  • 1 reply
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1 reply

abctax55
Level 15
May 1, 2020

In Lacerte (PTO's big sister), you have to enter the appropriate amortization code section as connected to the specific asset.

HumanKind... Be Both
itonewbie
Level 15
May 1, 2020

Yep, works the same way in PTO.

---------------------------------------------------------------------------------Still an AllStar
IRonMaN
Level 15
May 1, 2020

I'm not sure which form reports deprecation.

Ok, I'll go back to standing in my corner.

 

Slava Ukraini!