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Level 3
January 27, 2021
Question

Why doesn't the depreciation on Schedule E equal what's on Form 4562?

  • January 27, 2021
  • 1 reply
  • 10 views
I think I checked a box wrong or something because it's not picking up the special depreciation allowance. This is a 2019 return.
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1 reply

George4Tacks
Level 15
January 27, 2021

Be sure that your input for each depreciation item select the proper FORM and ACTIVITY to get it to the Schedule E. 

Answers are easy. Questions are hard!
mcaganAuthor
Level 3
January 30, 2021

Thank you for your reply. I did do that, but it still didn't work. PC support walked me through and it turned out to be a weird state/federal difference thing. I needed to check a box on the state form.