Accumulated depreciation not rolling forward

Forum|Forum|3 years ago
April 10, 2023
3 replies
27 views

Hi all,

Client had about 50 fixed assets placed in service last year (2021), no section 179, no bonus, most assets are 5-year property. I rolled the client to this year - I see all the asset entry worksheets with all the assets. But only current depreciation is calculating - the accumulated depreciation column is blank for all assets. Did I miss a step when rolling the client over? Or something else I'm missing?

Thanks in advance!

ProSeries Professional

This topic has been closed for replies.

Skylane

Intuit Community Champion

Did you check asset history?

If at first you don’t succeed…..find a workaround

K

knowyourroleAuthor

Level 3

Prior depreciation is showing up in asset history. It's just not showing up on the depreciation report. Strange...

T

taxes96786

Level 8

Date placed in service may be the cause

T

Terry53029

Intuit Community Champion

If you transferred client early (Jan) program doesn't work very well. Most of the experienced users wait until client come in before transferring, Try deleting client, and transfer again.

K

knowyourroleAuthor

Level 3

I would try deleting and transferring again, but I've already paid (pay per return) to get the business extension file. I don't want to have to pay again for the same client.

Skylane

Intuit Community Champion

What you see is what you get. Asset enters worksheet shows current depreciation…. Asset history shows accumulated and history by year. You can print reports if you need them.

If at first you don’t succeed…..find a workaround

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