Depreciation not carrying forward forward from 2021 on 1065 partnership return.

Forum|Forum|3 years ago
February 27, 2023
2 replies
15 views

Has anyone else had an issue with all the depreciation from 2021 along with all the asset sheets not carrying forward to 2022 on 1065 Partnership returns? I have deleted the client and re-transferred them and it still does not carry forward. I really don't want to type all these in again. It's a lot of assets. Everything else is there and appears correct, but it's like there was no depreciation at all in 2021. Am I missing something here? I checked another partnership return and it appears okay for 2022 with the depreciation and asset sheets transferred from 2021.

Thank you in advance for any input.

Greg

ProSeries Professional

This topic has been closed for replies.

N

Norman2001

Level 6

No problem for me. 20+ properties transferred with correct depreciation

rbynaker

Level 13

Did you import depreciation from Fixed Asset Manager for this client in 2021?

P

pipercherokeeAuthor

Level 3

Last year was my first year for this client. I entered all their ongoing depreciation and new depreciation into proseries then. Did not use FAM. I ended up going back into 2021 and re-entering all of it once again and then it worked when I transferred to 2022. Not sure I really know what was wrong, but it's fixed now. Thank you.

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